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From:
[log in to unmask] (Robert S. Goldfarb)
Date:
Fri Mar 31 17:18:20 2006
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----------------- HES POSTING ----------------- 
 
I was a graduate student in the mid-1960's. It was standard at the time  
to assign two articles by Francis Bator: "The Simple Analytics of  
Welfare Maximization," American Economic Review, March 1957, and  
"The Anatomy of Market Failure," Quarterly Journal of Economics  
1958. My memory is that the AER piece especially is a masterful  
exposition, and well worth looking at. My impression is that  
intermediate micro text discussions of welfare economics reflected  
Bator's treatment for many years after publication of these articles.   
 
Robert S. Goldfarb 
George Washington University 
 
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