Background
BOADWAY, Robin William was born in 1943 in Regina, Saskatchewan, Canada.
( This ambitious work presents a critique of traditional ...)
This ambitious work presents a critique of traditional welfare theory and proposes a new approach to it. Radical economists Robin Hahnel and Michael Albert argue that an improved theory of social welfare can consolidate and extend recent advances in microeconomic theory, and generate exciting new results as well. The authors show that once the traditional "welfare paradigm" is appropriately modified, a revitalized welfare theory can clarify the relationship between individual and social rationalitya task that continues to be of interest to mainstream and nonmainstream economists alike. Hahnel and Albert show how recent work in the theory of the labor process, externalities, public goods, and endogenous preferences can advance research in welfare theory. In a series of important theorems, the authors extend the concept of Pareto optimality to dynamic contexts with changing preferences and thus highlight the importance of institutional bias. This discussion provides the basis for further analysis of the properties and consequences of private and public enterprise and of markets and central planning. Not surprisingly, Hahnel and Albert reach a number of conclusions at odds with conventional wisdom.
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BOADWAY, Robin William was born in 1943 in Regina, Saskatchewan, Canada.
Bachelor of Engineering, Royal Military College, 1964. Bachelor of Arts, Bachelor of Philosophy University Oxford, 1966, 1967.
Doctor of Philosophy Queen's University, 1973.
Lector, Royal Military College, Kingston, Ontario, 1969-1972. Lector, Assistant Professor, Association Professor, Queen's University, 1972-1973, 1973-1976, 1976-1980. Professor of Economics, Queen's University, Kingston, Ontario, Canada, since 1980.
( This ambitious work presents a critique of traditional ...)
Most of my work has been in three principal areas — welfare economics, fiscal federalism and corporate taxation. My early work in welfare economics was intended to
show that the evaluation of welfare change from policy changes could not in general ignore either equity or distortions elsewhere. This was followed by some work on incorporating equity and distortions into policy rules.
A synthesis of my views on welfare economics may be found in my book Welfare Economics.
In fiscal federalism, I have studied the inequities and inefficiencies arising out of decentralised federal systems of government and the appropriate system of federal grants to correct for these. A good part of my work on corporate taxation has been joint with Neil Bruce and Jack Mintz. Much of it has centred on the effect of the corporate tax on the investment and financial decision of the firm, including investment not only in depreciable capital but also in inventories.
This analysis led to a consideration of the design of the ideal corporate tax system and its relation with the personal tax system. The work culminated in an empirical study estimating the effective tax rates in Canada for various types of capital and for various years.
I have also done some work in other areas — investigating the use of the unemployment insurance scheme as an instrument for equity, analysing the role of regional subsidiaries in a model with regional unemployment differentials, and some general equilibrium computational work on the Canadian economy. My current research concerns estimating the impact of capital taxation on savings.