Welfare, Social Justice and Governance
Pp. 119-137 (19)
Maria Alejandra Madi
This chapter provides a range of economic and philosophical perspectives
drawing from the classic writings of Arthur Pigou, Amartya Sen and Elinor Ostrom.
Firstly, we present the contribution of Arthur Pigou that highlights the relevance of
government interventions to address the impacts of externalities on social welfare.
Then, we consider Amartya Sen’s ideas that show deep concerns about justice in
contemporary economic theory and public policy. Finally, we present the contribution
of Elinor Ostrom to the management of common-pool resources, at local and global
Welfare, Capabilities, Governance of commons.
World Economics Association, State University of Campinas, Av. Angélica 1711, cj. 111, São Paulo, SP, Brazil