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https://www.um.edu.mt/library/oar/handle/123456789/104552| Title: | Economics and the Maltese economy |
| Other Titles: | Social policy in Malta : an introduction |
| Authors: | Briguglio, Marie |
| Keywords: | Economics -- Malta Malta -- Economic conditions Economic development -- Malta |
| Issue Date: | 2022 |
| Publisher: | Midsea Books Ltd. |
| Citation: | Briguglio, M. (2022). Economics and the Maltese Economy. In E. Galea Curmi, & S. Vella, (Eds.), Social Policy in Malta: An Introduction. Malta: Midsea Books Ltd. |
| Abstract: | While economic phenomena create several of the challenges that social policy seeks to address, economics, as a discipline, can offer useful insights not only to understand the economy itself, but also to design policy to influence its mechanics. The “study of choice in conditions of scarce resources” (Sowell, 2010, p.3), is indeed primarily concerned with the question of how best to allocate such resources in a manner that maximises societal welfare. This question has underpinned the development of economics since its foundations (Smith, 1776) and became formalised later as the quest for Pareto efficiency - named after Vilfredo Pareto (1848-1923). |
| URI: | https://www.um.edu.mt/library/oar/handle/123456789/104552 |
| ISBN: | 9789993278733 |
| Appears in Collections: | Scholarly Works - FacEMAEco |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Economics_and_the_Maltese_economy.pdf Restricted Access | 352.02 kB | Adobe PDF | View/Open Request a copy |
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