Booms and busts in the UK housing market

Article Abstract:

The upsurge during 1980s and decline during 1990's of the United Kingdom's housing sector can be attributed to parameter shifts that have resulted to the financial liberalization of the 1980s. The boom during late 1980s was being attributed to low initial debt levels, real house prices, interest rates and housing supply. During 1990s, UK's housing industry begins to decline due to reversal of factors that had contributed to the housing boom of 1980s.

Residential Buildings, Residential Building Construction, United Kingdom, Analysis, Residential construction, Housing research, Supply and demand

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Paretian welfare judgements and Bergsonian social choice

Article Abstract:

Two approaches that could improve welfare economics were explored. The introduction of the compensation criteria was the first approach which offered hypothetical compensation payments in an attempt to widen the applicability of the Pareto principle. The novel concept of a social welfare function which originated from the belief that welfare economics is responsible in the analysis of the implications of value judgements was also introduced.

Wages, Social services, not elsewhere classified, Other Individual and Family Services, Social Services NEC, Social aspects, Wages and salaries, Social services, Social service, Welfare economics

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