Welfare economics Books

Book SynopsisThorstein Veblen was a multidisciplinary social scientist whose original insights continue to inspire debate. This interdisciplinary and comprehensive book determines that Veblen’s disparate theories of conspicuous consumption, imperial Germany, the giant corporation and the speculation-led cycle all add up to a consistent and coherent world-view.Trade ReviewReisman offers a brilliant distillation of Veblen's jaundiced purview of the social, psychological and pecuniary motivations that have driven man the social animal in his economic life down the ages, from noble savage to predatory barbarian in his ancient, modern, and potential guises. Avoiding hagiography, this book exposes Veblen's exaggerations as well as his compelling institutional insights into the evolution of capitalism and socialism. Reisman's own intellectual sweep in explaining and criticising Veblen demonstrate political economy at its best. - Roger Sandilands, University of Strathclyde, UK Veblen is a notoriously difficult economist to read and understand. He was, however, unequivocal in his scorn for neoclassical economics, whose demise he took pleasure in predicting. In light of the limp excuses offered by the economics profession for its failure to anticipate the current global financial crisis, Reisman's incisive analysis of Veblen's writings suggests that were Veblen alive today, he would be revelling in schadenfreude. This timely book will make uncomfortable reading for neoclassical economists. - Douglas Mair, Heriot-Watt University, UK Fascination with the economics of Thorstein Veblen is today no less than it was fifty years ago. Many books have been written about his life and ideas. But David Reisman breaks new ground by providing one of the best and most comprehensive explainations of Veblen's thought. Written in a strikingly fresh and lucid style, this work is one of the landmarks of the literature on this great and enduringly relevant economist. - Geoffrey M. Hodgson, University of Hertfordshire, UK Considering the inability of conventional economics to comprehend the socio-economic convulsions over the past few years in so many countries, it is surely time to try something else. David Reisman's The Social Economics of Thorstein Veblen thus appears at a most opportune moment. This original analytical study is the best introduction into Veblen's work that I know of, and will, I trust, encourage a renewal of interest in possibly the most unjustly neglected of economists. Reisman's primary contention that there is - despite obstacles to comprehension created by Veblen's personal idiosyncrasies and unconventional literary style - a Veblen structure of thought, or general system, is fully confirmed by the evidence presented in his book. In this demonstration lies its great merit. --- Samuel Hollander, University of Toronto, CanadaTable of ContentsContents: 1. Introduction 2. Institutional Economics 3. Instincts and Endowments 4. Savages and Barbarians 5. Cumulative Causation 6. Consumption 7. Production 8. The Profit Motive 9. Corporation and Credit 10. The Age of Irrelevance 11. Socialism: The Intelligentsia and the Proletariat 12. Socialism: The Engineers 13. The Reversion to War 14. Perpetual Peace 15. Neoclassical Economics 16. Who Was Thorstein Veblen? References Index

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Book SynopsisWhy was the UK so unprepared for the pandemic, suffering one of the highest death rates and worst economic contractions of the major world economies in 2020? Hilary Cooper and Simon Szreter reveal the deep roots of our vulnerability and set out a powerful manifesto for change post-Covid-19. They argue that our commitment to a flawed neoliberal model and the associated disinvestment in our social fabric left the UK dangerously exposed and unable to mount an effective response. This is not at all what made Britain great. The long history of the highly innovative universal welfare system established by Elizabeth I facilitated both the industrial revolution and, when revived after 1945, the postwar Golden Age of rising prosperity. Only by learning from that past can we create the fairer, nurturing and empowering society necessary to tackle the global challenges that lie ahead - climate change, biodiversity collapse and global inequality.Trade Review'… original and compelling.' Will Hutton, The Observer'… (a) wonderfully readable and historically informed account.' Michael Marmot, The Lancet'A critically important assessment of the current state of governance of healthcare and the economy in the UK - uniquely placed in historical context. The disastrous mismanagement of the COVID-19 pandemic provides an ideal launch-pad for this critique, which also demonstrates a clear path to a better future. It should be in the hands of everyone in the country who cares about and has responsibility for our future.' Sir David King, former UK Chief Scientific Adviser and Climate Envoy, Chair of Independent SAGE'What lessons does the past hold for shaping a better post-pandemic future? This book, with its powerful account of the intolerable inequalities of the present, argues for a revival of the moral foundations of the successful social contracts of earlier periods of British history.' Diane Coyle, author of Markets, State and People: Economics for Public Policy'It is quite a feat to trace the vagaries of English social history from the Elizabethan Poor Law, through mismanagement of the COVID-19 pandemic, to the seven pillars of what a good society should look like. But these wonderfully accessible authors have done it. Bravo.' Sir Michael Marmot, author of Build Back Fairer: The COVID-19 Marmot Review'Impressive analysis of how 40 years of neoliberalism severely increased inequalities and the impact of the pandemic, and how a secure, mutually supportive society with a strong economy can be restored. Let's hope our government finds it inspiring and acts accordingly.' Pat Thane, author of Divided Kingdom. A History of Britain, 1900 to the PresentTable of ContentsIntroduction; Part I. COVID-19 was always a matter of 'when' not 'if'; 1. The extraordinary history of pandemic control; 1.1 An ever-present threat; 1.2 The myth of progress; 1.3 How pandemics spread; 1.4 Pandemics and the changing role of the state: from divine to human responsibility; 1.5 A plague on all our houses – learning to control pandemics; 2. Pandemics are not random 'Black Swans'; 2.1 We were expecting a pandemic, so why was the UK so unprepared?; 2.2 Your money or your life; 2.3 Light at the end of the tunnel; Part II. Why COVID-19 was a perfect storm; 3. The fragile society of a neoliberal state; 3.1 The neoliberal project; 3.2 The capture of democracy; 3.3 How COVID-19 was able to wreak havoc; 3.4 A 'Just in time' health service; 3.5 A 'Cinderella' social care service; 3.6 A diminished state; 4. Inequality saps resilience; 4.1 Inequality and the laissez faire state; 4.2 'This is not an easy life any more, chum'; 4.3 Are we bothered?; 4.4 It's the economy stupid; 4.5 The 'Burning Injustices'; 5. The pandemic onslaught; 5.1 Those who lived and those who died; 5.2 The tattered safety net; 5.3 The COVID generation; 5.4 Where's next?; 5.5 Looking to the future; Part III. COVID-19 and the choices we now face; 6. 'Too big to fail?' – we need a payback this time; 6.1 Lessons from the 2007–08 financial crash; 6.2 What does all this have to do with a 2020 pandemic?; 6.3 A first look at the winners and losers; 6.4 Securing the pandemic payback – how are things looking this time?; 6.5 Is the old order beginning to crack?; 7. No time for austerity now; 7.1 So we found the magic money tree; 7.2 When austerity was in vogue; 7.3 Let's just put it on the tab; 7.4 Storm clouds ahead?; 8. Who has the deepest pockets?; 8.1 A better future and a proactive state; 8.2 Will we find the pot of gold?; 9. Re-thinking welfare; 9.1 Is it time for a no-strings attached Universal Basic Income?; 9.2 'Dignity and Security'; 9.3 Universal services; 9.4 Who cares?; 9.5 What of later life?; Part IV. After the virus – Who do we want to be?; 10. Casting aside the neoliberal state; 10.1 Homo Economicus and the myth of rationality; 10.2 History and Morality; 11. The birth of a collectivist individualism; 11.1 How Elizabeth I gave us the world's first welfare society; 11.2 The turn away from collectivist individualism after 1834; 11.3 The Boer War and the 'New Liberal' reforms; 11.4 Slaying the giants – Beveridge and the 'Golden Age'; 11.5 Wealth, redistribution and progressive taxation; 11.6 What lessons can we take from history?; 12. An empowering state to build a nurturing society; 12.1 What does it mean to have an empowering state?; 12.2 Freedom and the state; 12.3 Collective commitment to a nurturing society; 12.4 The case for fair and progressive contributions; 12.5 Democratic participation and devolved power; 12.6 Our natural environment and the empowering state; 13. Seven Pillars of Empowerment; 13.1 A Nurturing Society: Respect and inclusive support for all; 13.2 Ethical Capitalism: Working with business to redefine our values; 13.3 Fair Contributions: Full participation by the prosperous; 13.4 Open Public Discourse: Enabling all voices to have an equal hearing; 13.5 Measuring what we value: Signalling the changes we need; 13.6 A Sustainable Future: Responsible stewardship of our planet's resources; 13.7 Participatory Politics: Reviving democracy and civic engagement; 14. Greater even than a pandemic; 14.1 Conclusion.

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Book SynopsisWestern Welfare Capitalisms in Good Times and Bad provides an insightful appraisal of policy priorities and outcomes in four Western regimes: the Anglo-American liberal regimes, Southern European ‘proto-corporatist’ regimes, the historically social democratic Scandinavian regimes, and Western European conservative-corporatist regimes.Trade Review‘This book not only offers many statistical indicators that describe the social situations in the countries studied very well, but it also clarifies terms that often cause confusion. For example, it explains how the term “liberal” is used in different cultures.’ -- Gert G. Wagner, Max Planck Institute for Human Development, Germany‘This book provides a comprehensive, comparative analysis of recent welfare state policies and achievements. Drawing on national and international data, the authors examine welfare policies and outcomes before, during and after the financial and Covid crises. The findings are innovative, compelling and at times provocative, but always engaging and thought-provoking. The book is essential reading for welfare state scholars, students and anyone interested in the recent socio-economic history of capitalist nations.’ -- Peter Saunders, University of New South Wales, Sydney, AustraliaTable of ContentsContents: PART I WELFARE-CAPITALIST REGIMES: POLICY PRIORITIES AND POLICY OUTCOMES 1. What are governments for? 2. Worlds of welfare capitalism 3. International comparisons, international data PART II COMPARING POLICY PERFORMANCE. 4. The Global Financial Crisis: a crisis within the economic system 5. Reducing poverty and income inequality 6. Wealth inequality: the one that got away 7. Reducing gender inequality 8. Enhancing personal autonomy 9. Promoting economic growth and rising living standards 10. Promoting economic security and social stability 11. Enhancing life satisfaction: a shared priority? PART III A CURRENT CRISIS: COPING WITH COVID. 12 Coping with Covid: public health responses – the trade-off that didn’t exist 13 Coping with Covid: fiscal, monetary, labour market, welfare and environmental policy responses PART IV WESTERN WELFARE CAPITALISMS: CONVERGENCE OR CONTINUITY. 14. Welfare-capitalist regimes in the 21st century: still delivering distinctive policy outcomes, little evidence of convergence Appendix 1. Ireland: a welfare-capitalist regime that defies classification Appendix 2. Western welfare publics support the welfare state ‒ in principle References Index

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Book SynopsisCan anything ever be truly unconditional? Can public services such as healthcare or education be unconditional? And can an income ever be unconditional? This incisive book responds to these questions with a qualified âyes,â and considers whether a social policy regime based on unconditionality might ever replace neoliberalism.Trade Review‘This is an important and timely book. Malcolm Torry rightly argues that the time has come to shift social policy away from the punitive, exclusionary failures commonplace to neoliberalism and towards a more effective, compassionate, and generative unconditionality fit for the complexities of the 21st Century. Combining empirical rigour and theoretical complexity, the book makes a strong case that it is time for “an unconditionality paradigm” to emerge and argues that this could be anchored in Universal Basic Income (UBI). This is an important text for anyone wishing to re-think contemporary social policy.’ -- Neil Howard, University of Bath, UKTable of ContentsContents: Preface Introduction to Unconditional 1 The meaning of unconditionality 2 Social policy regimes 3 Is unconditional giving possible? 4 Arguments for unconditionality 5 Arguments for unconditionality in healthcare and education 6 Some of the arguments for unconditionality in income maintenance 7 More of the arguments for unconditionality in income maintenance 8 Arguments against unconditionality 9 A trajectory: snapshots in history 10 Quite simply, unconditionality works 11 The ethics of unconditionality 12 Prospects for unconditionality Bibliography Index

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Book SynopsisTrade Review‘Torry’s monograph should become a must-read for social policy makers and social legislators, as well as for politicians at all levels, students in many humanities disciplines, and scholars. The book is both very informative and readable, and I believe it could be produced in further, expanded editions.’ -- Kristina Koldinská, European Journal of Social Security‘This book is undoubtedly a valuable reference resource, since it draws together commentaries from a variety of secondary resources and gathers in one place summaries of historically significant philosophical arguments, policy proposals and studies. It offers a guide through the bewildering twists, turns and inflections in the terminologies these have entailed, but it also reveals the ways in which the position of some key thinkers has shifted over time and in which shifts in perspective can result in a Gestalt switch in perception.’ -- Hartley Dean, Journal of Human Development and Capabilities'Malcolm Torry has produced the first and only comprehensive history of Basic Income from the historical origins of the idea to the growing movement around it today.'- Karl Widerquist, Georgetown University-Qatar‘An extremely well informed account of the many modest origins and recent worldwide dissemination of the idea of Basic Income, and in particular of the role played by British thinkers and activists.' -- Philippe Van Parijs, University of Louvain, Belgium and Basic Income Earth Network'As Basic Income moves up the political agenda, the need to understand the history of the idea has never been more pressing. Malcolm Torry's wide-ranging study draws on a lifetime of research and will be an invaluable contribution to the growing literature on the subject.' -- Peter Sloman, University of Cambridge, UKTable of ContentsContents: Preface 1. A history of Basic Income 2. Who thought of Basic Income first? 3. Basic Income during the nineteenth century 4. Basic Income in the United Kingdom during the early twentieth century 5. Basic Income during the mid-twentieth century in the United Kingdom 6. Basic Income and diversity in Canada and the USA 7. Basic Income, research and feasibility in Great Britain and Ireland 8. Multiple approaches to Basic Income in continental Europe 9. A worldwide Basic Income debate 10. A global Basic Income debate 11. Conclusions: where now for Basic Income? Bibliography Index

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Book SynopsisThis unique and forward-thinking book explores how we understand needs in relation to the welfare state and to what extent we can, if at all, measure need.Trade Review‘How are human needs defined and how are welfare states addressing them? This accessible and timely book answers this question by covering topics like the difference between needs and wants, the relationship between needs and poverty, and the role of income transfers, social services and private actors in meeting human needs.’ -- Daniel Béland, McGill University, CanadaTable of ContentsContents: Preface 1 Human needs in welfare states? 2 What are needs? 3 Demographic changes and the impact on demand and need for welfare states 4 Quality, needs and the welfare state 5 Needs and income transfers 6 Welfare services – how to define needs? 7 Who has the responsibility to cover needs? 8 Does legitimacy influence what is understood as needs? 9 Differences across welfare states and welfare regimes 10 Human needs and the welfare state: by way of conclusion

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Book SynopsisTrade Review‘The book offers a fascinating paradigm to reflect upon dementia interventions, promising to widen the lens of interested governments, public health and policy makers, as well as clinicians alike. By interlinking concepts of protecting human rights, preventing elder abuse, caring for persons living with dementia, all contributing to improving global health and economy, this book offers a solid rationale for an international United Nations convention on the human rights for older persons.’ -- Kiran Rabheru, University of Ottawa, Canada‘Robert Brent’s Cost-Benefit Analysis and Dementia provides a comprehensive and accessible examination of how economic tools can assist in making interventions for dementia more effective. Using state-of-the-art economic methods, Brent examines a broad range of efforts ranging from the role of Medicare eligibility to the importance of vision correction and hearing aids. Despite the rigorous attention to the costs and benefits of alternative policies, the book does not lose sight of concerns such as advocacy of broader protections for the human rights of those with dementia.’ -- W. Kip Viscusi, Vanderbilt Law School, USTable of ContentsContents: Preface PART I INTRODUCTION 1. Introduction to dementia, Cost-Benefit Analysis, and the new interventions 2. Measuring dementia symptoms PART II THE COST-BENEFIT ANALYSES 3. Years of education 4. Medicare eligibility 5. Hearing aids 6. Vision correction 7. Avoiding nursing homes PART III PUBLIC POLICY IMPLICATIONS OF DEMENTIA INTERVENTIONS 8. Elder abuse 9. Human rights Index

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Book SynopsisPreface PART I: INTRODUCTION AND BACKGROUND Introduction Economics Without Ethics? Approaches to Ethics and Justice PART II: ETHICAL VALUES, INDIVIDUAL BEHAVIOR AND SOCIAL INTERACTIONS Individuals, Norms and Ethical Values Social Interactions and Ethical Values Markets and Ethical Values PART III: ETHICAL ISSUES FOR EVALUATING ECONOMICS AND ECONOMIC POLICY ANALYSIS The Morality of Markets and Government Intervention Individual Preferences, Efficiency and Cost-Benefit Analysis Production, Income and Growth Fairness, Distribution and Equality PART IV: APPLICATIONS AND CONCLUSION Ethics and Applied Economics Conclusion References IndexTrade Review"Within its chosen frame of reference the authors have made a substantial contribution." - Economic & Political Weekly "Dutt and Wilber provide a compact yet comprehensive introduction to economics and ethics that thoroughly engages neoclassical economics, distinguishes different approaches to ethics, and discusses such fundamental issues as justice and equality. This is an excellent book, and is highly recommended for teaching and as a resource for scholars." - John B. Davis, Marquette University and University of Amsterdam ''This is a good and helpful introduction to the normative dimensions of economic theory and policy.'' - Albino Barrera, Providence College 'Wilber and Dutt bring a wealth of knowledge and humanity to the task of revitalizing the art of economics. This book provides a nuanced and timely account of the importance of ethics to our understanding of economics and public policies. The reader is in thoughtful and trustworthy hands.' - Jonathan B. Wight, Professor of Economics at the University of RichmondTable of ContentsPreface PART I: INTRODUCTION AND BACKGROUND Introduction Economics Without Ethics? Approaches to Ethics and Justice PART II: ETHICAL VALUES, INDIVIDUAL BEHAVIOR AND SOCIAL INTERACTIONS Individuals, Norms and Ethical Values Social Interactions and Ethical Values Markets and Ethical Values PART III: ETHICAL ISSUES FOR EVALUATING ECONOMICS AND ECONOMIC POLICY ANALYSIS The Morality of Markets and Government Intervention Individual Preferences, Efficiency and Cost-Benefit Analysis Production, Income and Growth Fairness, Distribution and Equality PART IV: APPLICATIONS AND CONCLUSION Ethics and Applied Economics Conclusion References Index

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Book SynopsisThe author aims to develop conceptual refining and theoretical reframing of the productivist welfare capitalism thesis in order to address a set of questions concerning whether and how productivist welfarism has experienced both continuity and change in East Asia.Trade Review“Kim's main thesis is compelling, and any graduate reading list on East Asian social policy would be enriched by the addition of this text, as it succinctly challenges the orthodoxy that there is a singular welfare model for East Asia in a cogent and accessible manner.” (Tom Emery, Social Policy Administration, Vol. 53 (3), May, 2018)Table of Contents1. Introduction 1.1 Debates on the East Asian Welfare Type 1.2 Arguments in Brief 1.3 Terms, Scope and Method of Analysis 1.4 The Structure of the Book 2. Institutional Variation in Productivist Welfare Capitalism 2.1 East Asian Welfare States from a Comparative Perspective 2.2 Institutional Divergence of Productivist Welfarism 2.3 Empirical Test: Cluster Analysis 2.4 Concluding Remarks 3. What Drives the Institutional Divergence of Productivist Welfare Capitalism? 3.1 Theories of Welfare State Development 3.2 Institutional Divergence of Productivist Welfare Capitalism 3.3 Empirical Test: Cross-Sectional Time-Series Analysis 3.4 Concluding Remarks 4. Three Cases of Productivist Welfare Capitalism 4.1 Korea: Inclusive Productivist Welfare 4.2 Singapore: Market Productivist Welfare 4.3 China: Dualist Productivist Welfare 5. Conclusion

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Book SynopsisIncreasingly flexible labour markets and reforms of old-age pension systems are still ranking high on the political agenda of European countries. This volume investigates whether, and to what extent, the interplay between pension reforms and the spread of ''atypical'' employment patterns and fragmented careers has a negative influence uponeconomic security in old age. The volume, therefore, analyzes the flexibility-security nexus by focusing on the post-retirement phase, thus extending the conventional narrow concept of ''flexicurity''. The book also questions whetherreforms of public and private pension schemes compensate or aggravate the risks of increasingly flexible labor markets and atypical employment careers after retirement? Around this overarching research question, the various contributions in the volume employ the same analytical framework in order to map, and then compare, the developments in seven European countries - Denmark, Germany, Italy, the Netherlands, Poland, SwitzTrade Review'...a well researched, well edited, and clearly written book, and anyone with anything to do with pensions policy should be reading it.' - Citizen's Income TrustTable of ContentsList of illustrations Notes on Contributors Preface and Acknowledgements RECWOWE Book Series: Work and Welfare in Europe Funding Labour Market Flexibility and Pension Reforms: What Prospects for Old-Age Security?; K.Hinrichs & M.Jessoula Germany: A Flexible Labor Market plus Pension Reforms Makes Old-Age Poverty; K.Hinrichs The Italian Risky Combination: 'Selective Flexibility' and Defined-Contributions Pensions; M.Jessoula Poland: Are Flexible Labour Markets Ready for Individualized Pensions?; I.Guardiancich Lessons from the UK: When Multi-Pillar Pension Systems Meet Flexible Labour Markets; D.Natali Switzerland: Building a Multipillar Pension System for a Flexible Labour Market; S.Häusermann & H.Schwander The Danish Flexicurity Model and Old Age Protection; N.Ploug The Netherlands: Reconciling Labour Market Flexicurity with Security in Old Age; K.Anderson Flexible Today, Secure Tomorrow?; M.Jessoula & K.Hinrichs Bibliography Index

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Book SynopsisBasic Income: An Anthology of Contemporary Research presents a compilation of six decades of Basic Income literature. It includes the most influential empirical research and theoretical arguments on all aspects of the Basic Income proposal. Includes six decades of the most influential literature on Basic Income Includes unpublished and hard-to-find articles The first major compendium on one of the most innovative political reform proposals of our age Explores multidisciplinary views of Basic Income, with philosophical, economic, political, and sociological views Features contributions from key and well-known philosophers and economists, including Atkinson, Simon, Friedman, Fromm, Gorz, Offe, Rawls, Pettit, Van Parijs, and more Presents the best theoretical and empirical arguments for and against Basic Income Table of ContentsAbout the Editors xi Introduction: The Idea of an Unconditional Income for Everyone xiii Karl Widerquist, Yannick Vanderborght, José A. Noguera, and Jurgen De Wispelaere Part I: Freedom 1 Introduction: Freedom and Basic Income 2 Karl Widerquist 1. The Psychological Aspects of the Guaranteed Income 5 Erich Fromm 2. The Case for a Negative Income Tax: A View from the Right 11 Milton Friedman 3. Why Surfers Should Be Fed: The Crazy-Lazy Challenge 17 Philippe Van Parijs 4. Optional Freedoms 23 Elizabeth Anderson 5. A Republican Right to Basic Income 26 Philip Pettit 6. Why We Demand a Basic Income 32 Karl Widerquist Part II: Justice 39 Introduction: Theories of Justice and Basic Income 40 Karl Widerquist 7. Left-libertarianism and a Global Rent Payment 43 Nicolaus Tideman and Peter Vallentyne 8. Guaranteed Income as a Replacement for the Welfare State 49 Charles Murray 9. A Capitalist Road to Communism 52 Robert van der Veen and Philippe Van Parijs 10. Why Marxists and Socialists Should Favor Basic Income 55 Michael Howard 11. Basic Income and the Common Good 62 Bill Jordan 12. Associations and Basic Income 72 Bill Jordan Part III: Reciprocity and Exploitation 79 Introduction: Reciprocity and Exploitation 80 Karl Widerquist 13. Brief Comments on Leisure Time 85 John Rawls 14. Liberal Equality, Exploitation, and the Case for an Unconditional Basic Income 87 Stuart White 15. Clamshell Rents? How Resource Equality Causes Exploitation 93 Gijs Van Donselaar 16. Basic Income and the Work Ethic 101 Brian Barry 17. Fairness to Idleness: Is There a Right Not to Work? 105 Andrew Levine 18. Basic Income, Self-respect, and Reciprocity 114 Catriona McKinnon 19. Reciprocity and the Guaranteed Income 123 Karl Widerquist 20. The Morality of the Universal Grant Versus the Ethics of Paid Work 134 Robert van der Veen Part IV: Feminism 141 Introduction: The Feminist Response to Basic Income 142 Yannick Vanderborght and Karl Widerquist 21. Is One Man’s Ceiling Another Woman’s Floor? 145 Ann Withorn 22. Why Basic Income does not Promote Gender Equality 149 Ann S. Orloff 23. A Gender Analysis of Basic Income 153 Ingrid Robeyns 24. A Basic Income for Feminists? 163 Tony Fitzpatrick 25. Free-riding and the Household 173 Carole Pateman 26. Promoting Gender Equity Through a Basic Income 178 Ailsa McKay 27. Good for Women 186 Anne Alstott Part V: Economics 189 Introduction: The Economics of Basic Income 190 Karl Widerquist, José A. Noguera, and Yannick Vanderborght 28. The Case for an Income Guarantee 195 James Tobin 29. What Can We Learn from the Agathotopians? 200 James Meade 30. Basic Income and Effi ciency 205 Philippe Van Parijs 31. Basic Income as a Basis for Small Business 210 Bart Nooteboom 32. What (If Anything) Can We Learn from the Negative Income Tax Experiments? 216 Karl Widerquist 33. Efficiency and Participation: The Basic Income Approach 230 Bill Jordan 34. Subsidize Wages 235 Edmund Phelps 35. Universal Basic Income and the Flat Tax 240 Herbert A. Simon 36. Democracy and General Welfare 242 James M. Buchanan 37. Basic Income and Social Power 246 Koen Raes 38. Cost Estimates for a Basic Income in the United States 255 Charles M.A. Clark Part VI: Post-productivism 259 Introduction: Basic Income as a Post-productivist Policy 260 José A. Noguera and Karl Widerquist 39. Ecologism and Basic Income 263 Tony Fitzpatrick 40. A Green Case for Basic Income? 269 Philippe Van Parijs 41. A Non-productivist Design for Social Policies 275 Claus Offe 42. A Post-productivist Welfare Regime 283 Robert E. Goodin 43. Demoralizing the Labor Market: Could Jobs be Like Cars and Concerts? 289 Bert Hamminga 44. Beyond the Wage-based Society 297 André Gorz 45. The Relevance of Basic Income for Post-industrial Economies 307 Fred Block Part VII: Implementation 311 Introduction: The Implementation of Basic Income 312 Karl Widerquist, José A. Noguera, Yannick Vanderborght, and Jurgen De Wispelaere 46. The Shadow of Speenhamland 315 Fred Block and Margaret Somers 47. The Stability of Basic Income 331 Jos de Beus 48. Basic Income and the Welfare State 339 Samuel Brittan 49. Basic Income and Contributory Pensions 346 José A. Noguera 50. Basic Income as a Minimally Presumptuous Social Welfare Policy 351 Robert E. Goodin 51. The Basic Income Guarantee as an Exit Option 357 Joel Handler and Amanda Sheely Babcock 52. Practical Bottlenecks in the Implementation of a Universal Basic Income 360 Jurgen De Wispelaere and Lindsay Stirton Part VIII: Institutions 369 Introduction: Institutional Versions and Cognates of Basic Income 370 José A. Noguera 53. A Global Resources Dividend 375 Thomas W. Pogge 54. From Euro-Stipendium to Euro-Dividend 392 Philippe Van Parijs and Yannick Vanderborght 55. Negative Income Tax: The Original Idea 398 Milton Friedman 56. The Case for a Progressive Negative Income Tax 402 Fred Block and Jeff Manza 57. Stakeholding versus Basic Income 417 Bruce Ackerman and Anne Alstott 58. Reciprocity-sensitive Forms of Basic Income 429 Stuart White 59. Participation Income 435 Anthony B. Atkinson 60. The Trilemma of Participation Income 439 Jurgen De Wispelaere and Lindsay Stirton 61. Sabbatical Grants 447 Claus Offe and Johan de Deken 62. A Uniform Refundable Tax Credit 453 Lily L. Batchelder, Fred T. Goldberg Jr., and Peter R. Orszag 63. A Household Basic Income 461 Luis Sanzo and Rafael Pinilla 64. A Coming-of-Age Grant versus a Community Capital Grant 464 Guy Standing Part IX: Politics 471 Introduction: Politics 472 Yannick Vanderborght, José A. Noguera, and Karl Widerquist 65. Political Strategies for Basic Income 477 David Purdy 66. The Lack of Political Support for an Income by Right 485 Bill Cavala and Aaron Wildavsky 67. The Ambiguities of Basic Income from a Trade Union Perspective 497 Yannick Vanderborght 68. Basic Income and Social Europe 509 Fritz Scharpf 69. Is Basic Income Politically Feasible in a Social Europe? 516 Philippe Van Parijs 70. Basic Income in the South 523 Philippe Van Parijs 71. How Cash Transfers Promote the Case for Basic Income 527 Guy Standing 72. Basic Income and the New Class Struggle 548 Philippe Van Parijs 73. A “Package Solution” for Basic Income 555 Claus Offe, Ulrich Mückenberger and Ilona Ostner 74. Pathways from Here 560 Claus Offe Index 564

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Book SynopsisThis book analyzes the impact of choice on welfare states in Europe and asks whether the shift towards more choice will ultimately benefit the users and providers of the welfare state, and have a positive impact on society as a whole. Explores the recent focus on choice in many welfare states, which has created a more market-orientated approach, changed users to consumers, and increased emphasis on private providers Examines the impact of these recent reforms on equality, not only from an economic perspective, but also in relation to gender, education, age, and access to services Draws on examples from different European countries and sectors of the welfare state, including the UK, Germany, Italy, the Netherlands, Scandinavia, and the Czech Republic Informed by theoretical and empirical approaches, and uses a variety of methodologies Table of ContentsEditorial Introduction (Bent Greve, University of Roskilde, Denmark). 1. Can Choice in Welfare States Be Equitable? (Bent Greve, University of Roskilde, Denmark). 2. The Other Le Grand? Evaluating the ‘Other Invisible Hand’in Welfare Services in England (Ian Greener, University of Durham, UK and Martin Powell, University of Birmingham, UK). 3. Exit, Voice and Quality in the English Education Sector (Deborah Wilson, University of Bristol, UK). 4. When ‘Choice’ and ‘Choice’ Are not the Same: Institutional Frameworks of Choice in the German Welfare System (Florian Blank, Westfälische Wilhelms-Universität Münster, Germany). 5. Choosing Welfare or Losing Social Citizenship? Citizens’ Free Choice in Recent Italian Welfare State Reforms (Paolo R. Graziano, Bocconi University, Milan, Italy). 6. The ‘Consumer Principle’ in the Care of Elderly People: Free Choice and Actual Choice in the German Welfare State (Melanie Eichler, University of Hamburg, Germany and Birgit Pfau-Effinger, University of Hamburg, Germany). 7. A Comparative Discussion of the Gendered Implications of Cash-for-Care Schemes: Markets, Independence and Social Citizenship in Crisis? (Kirstein Rummery, University of Stirling, Scotland). 8. Challenging Solidarity? An Analysis of Exit Options in Social Policies (Menno Fenger, Erasmus University Rotterdam, The Netherlands). 9. Freedom of Choice through the Promotion of Gender Equality (Steven Saxonberg, Masaryk University in Brno, Czech Republic). Index.

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Book SynopsisExploring secular and faith-based grassroots social action in Germany and the UK, this book provides new ways of thinking about social and political belonging and about the relations between individual, collective and State responsibility.Trade Review"This timely volume engages scholars of citizenship, social activists and those concerned for the future of social democracy in Europe". Bob Deacon, Professor of International Social Policy, University of SheffieldTable of ContentsIntroduction: social activism, belonging and citizenship in a period of crisis ~ Shana Cohen and Jan-Jonathan Bock Part I: The social consequences of welfare policy Fulfilling basic human needs: the welfare state after Beveridge ~ Patrick Diamond Social division and resentment in the aftermath of the economic slump ~ Gabriella Elgenius; Part II: The practice of social good Austerity and social welfare in the UK: a perspective from the advice sector ~ Amardeep Bansil Breaking the hold of debt: Cambridge Money Advice Centre ~ John Morris Community finance: the emergence of credit unions in London ~ Paul A Jones and Michelle Howlin Finding employment and living a good life in London ~ Chris Price The Tafel and food poverty in Germany ~ Sabine Werth Addressing food poverty in the UK ~ Sarah Greenwood Helping the homeless: a soup kitchen in London ~ Martin Stone Part III: Social change and neoliberalism Social initiatives and social solidarity under austerity ~ Christina Fuhr The new economy of poverty ~ Stefan Selke Challenges for the struggle against austerity in Britain and Europe ~ Thomas Jeffrey Miley Part IV: Situating solidarity in perspective Individualism and community in historical perspective ~ Jon Lawrence Aiming for reconnection: responsible citizenship ~ Christopher Baker Conclusion: citizenship, community and solidarity at the end of the welfare state ~ Jan-Jonathan Bock and Shana Cohen

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Book SynopsisExploring secular and faith-based grassroots social action in Germany and the UK, this book provides new ways of thinking about social and political belonging and about the relations between individual, collective and State responsibility.Trade Review"This timely volume engages scholars of citizenship, social activists and those concerned for the future of social democracy in Europe". Bob Deacon, Professor of International Social Policy, University of SheffieldTable of ContentsIntroduction: social activism, belonging and citizenship in a period of crisis ~ Shana Cohen and Jan-Jonathan Bock Part I: The social consequences of welfare policy Fulfilling basic human needs: the welfare state after Beveridge ~ Patrick Diamond Social division and resentment in the aftermath of the economic slump ~ Gabriella Elgenius; Part II: The practice of social good Austerity and social welfare in the UK: a perspective from the advice sector ~ Amardeep Bansil Breaking the hold of debt: Cambridge Money Advice Centre ~ John Morris Community finance: the emergence of credit unions in London ~ Paul A Jones and Michelle Howlin Finding employment and living a good life in London ~ Chris Price The Tafel and food poverty in Germany ~ Sabine Werth Addressing food poverty in the UK ~ Sarah Greenwood Helping the homeless: a soup kitchen in London ~ Martin Stone Part III: Social change and neoliberalism Social initiatives and social solidarity under austerity ~ Christina Fuhr The new economy of poverty ~ Stefan Selke Challenges for the struggle against austerity in Britain and Europe ~ Thomas Jeffrey Miley Part IV: Situating solidarity in perspective Individualism and community in historical perspective ~ Jon Lawrence Aiming for reconnection: responsible citizenship ~ Christopher Baker Conclusion: citizenship, community and solidarity at the end of the welfare state ~ Jan-Jonathan Bock and Shana Cohen

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Book SynopsisBrings the regional and local to the forefront of social investment debates by showcasing original, evaluative evidence from ten European countries, and provides practical, accessible illustrations of good practice, routes to success, and lessons learned.Trade Review"I highly recommend this book for anyone interested in discovering about the latest innovations in European social investment policy." Christopher Deeming, University of StrathclydeTable of ContentsSocial Investment in welfare: a sub-national perspective ~ Sue Baines, Judit Csoba Florian Sipos and Andrea Bassi; Part 1: Children and families: early intervention in peoples’ life courses ~ Andrea Bassi and Sue Baines; Investing in the future! Three case studies of social innovation in the Emilia-Romagna Early Childhood Education and Care services system ~ Andrea Bassi; Troubled families in Greater Manchester ~ Jessica Ozan, Chris O’Leary, Susan Baines and Gavin Bailey; Innovative voluntary and public sector partnership for the reception and integration of unaccompanied asylum-seeking children in Gothenburg, Sweden ~ Inga Narbutaité Aflaki; Part 2: From a Caring State to an investing State: labour market activation ~ Judit Csoba and Susan Baines; The Youth Guarantee and One-Stop Guidance Centre as a social innovation and a policy implementation tool, Finland ~ Kaisa Sorsa; Acquiring work experience for technical education graduates (Greece) ~ Alexandra Koronaiou, George Alexias, Sakellariou Alexandros, George Vayias; Network for labour market integration of migrants and refugees in Münster, Germany (M A M B A) ~ Nikola Borosch, Danielle Gluns and Annette Zimmer; Labour market activation and empowerment of the homeless, Poland ~ Aldona Wiktorska-Święcka and Dorota Moroń; Part 3: Social solidarity and social investment ~ Florian Sipos; The creation of a socially diverse neighbourhood in Utrecht, the Netherlands ~ Alfons Fermin, Sandra Geelhoed & Rob Gründemann; Revitalising the self-sufficient household economy: The Social Land Programme in Hungary ~ Judit Csoba - Flórián Sipos; Social investment and the causes of energy poverty: Are cooperatives a solution? ~ Michael Willoughby, Jose Millet-Roig, Jose Pedro García-Sabater and Aida Saez-Mas; Social Investment in theory and praxis: a ‘quiet revolution’ in innovative local services? ~ Andrea Bassi, Sue Baines, Judit Csoba and Florian Sipos.

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Book SynopsisBrings the regional and local to the forefront of social investment debates by showcasing original, evaluative evidence from ten European countries, and provides practical, accessible illustrations of good practice, routes to success, and lessons learned.Trade Review"I highly recommend this book for anyone interested in discovering about the latest innovations in European social investment policy." Christopher Deeming, University of StrathclydeTable of ContentsSocial Investment in welfare: a sub-national perspective ~ Sue Baines, Judit Csoba Florian Sipos and Andrea Bassi; Part 1: Children and families: early intervention in peoples’ life courses ~ Andrea Bassi and Sue Baines; Investing in the future! Three case studies of social innovation in the Emilia-Romagna Early Childhood Education and Care services system ~ Andrea Bassi; Troubled families in Greater Manchester ~ Jessica Ozan, Chris O’Leary, Susan Baines and Gavin Bailey; Innovative voluntary and public sector partnership for the reception and integration of unaccompanied asylum-seeking children in Gothenburg, Sweden ~ Inga Narbutaité Aflaki; Part 2: From a Caring State to an investing State: labour market activation ~ Judit Csoba and Susan Baines; The Youth Guarantee and One-Stop Guidance Centre as a social innovation and a policy implementation tool, Finland ~ Kaisa Sorsa; Acquiring work experience for technical education graduates (Greece) ~ Alexandra Koronaiou, George Alexias, Sakellariou Alexandros, George Vayias; Network for labour market integration of migrants and refugees in Münster, Germany (M A M B A) ~ Nikola Borosch, Danielle Gluns and Annette Zimmer; Labour market activation and empowerment of the homeless, Poland ~ Aldona Wiktorska-Święcka and Dorota Moroń; Part 3: Social solidarity and social investment ~ Florian Sipos; The creation of a socially diverse neighbourhood in Utrecht, the Netherlands ~ Alfons Fermin, Sandra Geelhoed & Rob Gründemann; Revitalising the self-sufficient household economy: The Social Land Programme in Hungary ~ Judit Csoba - Flórián Sipos; Social investment and the causes of energy poverty: Are cooperatives a solution? ~ Michael Willoughby, Jose Millet-Roig, Jose Pedro García-Sabater and Aida Saez-Mas; Social Investment in theory and praxis: a ‘quiet revolution’ in innovative local services? ~ Andrea Bassi, Sue Baines, Judit Csoba and Florian Sipos.

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Book SynopsisLeading interdisciplinary scholars focus on the social' of social policy. This ground-breaking volume tackles pressing social questions' and critically engages with contested conceptions of the social' which are increasingly deployed by international institutions and policy makers.Table of ContentsThe ‘social’ in the age of sustainability ~ Christopher Deeming ‘No such thing as society’?: Neoliberalism and the social ~ John Clarke The social question: Reconciling social and economic imperatives in policy ~ Bradley W. Bateman Disputing the economization and the de-politicization of ‘social’ investment in global social policy ~ Jean-Michel Bonvin and Francesco Laruffa The social dimension of sustainable development at the UN: From Brundtland to the SDGs ~ Iris Borowy Paradigm lost? Blocking the path to ecosocial welfare and post-productivism ~ Tony Fitzpatrick World population at the UN: Our numbers are not our problem? ~ Danny Dorling Ageing sustainably ~ Alan Walker The political challenges to governing global migration and social welfare ~ Edward A. Koning Bringing ‘the social’ into an intersectional analysis of global crises and welfare ~ Fiona Williams Global social policy and the quasi-concept of social cohesion ~ Jane Jenson Putting the global in social justice? ~ Gary Craig ‘Go-social’? Inclusive growth and global social governance ~ Christopher Deeming For better or worse? ~ Richard Wilkinson and Kate Pickett The struggle for social sustainability ~ Christopher Deeming

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Book SynopsisLeading interdisciplinary scholars focus on the social' of social policy. This ground-breaking volume tackles pressing social questions' and critically engages with contested conceptions of the social' which are increasingly deployed by international institutions and policy makers.Table of ContentsThe ‘social’ in the age of sustainability ~ Christopher Deeming ‘No such thing as society’?: Neoliberalism and the social ~ John Clarke The social question: Reconciling social and economic imperatives in policy ~ Bradley W. Bateman Disputing the economization and the de-politicization of ‘social’ investment in global social policy ~ Jean-Michel Bonvin and Francesco Laruffa The social dimension of sustainable development at the UN: From Brundtland to the SDGs ~ Iris Borowy Paradigm lost? Blocking the path to ecosocial welfare and post-productivism ~ Tony Fitzpatrick World population at the UN: Our numbers are not our problem? ~ Danny Dorling Ageing sustainably ~ Alan Walker The political challenges to governing global migration and social welfare ~ Edward A. Koning Bringing ‘the social’ into an intersectional analysis of global crises and welfare ~ Fiona Williams Global social policy and the quasi-concept of social cohesion ~ Jane Jenson Putting the global in social justice? ~ Gary Craig ‘Go-social’? Inclusive growth and global social governance ~ Christopher Deeming For better or worse? ~ Richard Wilkinson and Kate Pickett The struggle for social sustainability ~ Christopher Deeming

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Book SynopsisThis book explores the ways in which communities are responding today's society as government policies are increasingly promoting privatisation, deregulation and individualisation of responsibilities, providing insights into the efficacy of these approaches through key policy issues including access to food, education and health.Table of Contents1. Islands of Hope in a Sea of Despair: Civil Society in an Age of Austerity 2. The North East of England: Place, Economy and People Part 1: The Public Sector and Civil Society 3. The Public Sector and Civil Society: Introduction 4. Innovation Outside the State: The Glendale Gateway Trust 5. The Byker Community Trust and the ‘Byker Approach’ 6. Café Society: Transforming Community Through Quiet Activism and Reciprocity 7. ‘Computer Says No’: Exploring Social Justice in Digital Services 8. Drive to Thrive: A Place-Based Approach to Tackling Poverty in Gateshead 9. City of Dreams: Enabling Children and Young People’s Cultural Participation and Civic Voice in Newcastle and Gateshead 10. Are We ‘All in This Together?’: Reflecting on the Continuities Between Austerity and COVID-19 Crises Part 2: The Civic University 11. The Civic University: Introduction 12. Reinventing a Civic Role for the 21st-Century: The Cathedral and the University 13. Realising the Potential of Universities for Inclusive, Innovation-Led Development: The Case of the Newcastle City Futures Urban Living Partnership Pilot 14. Future Homes: Developing New Responses Through New Organisations 15. The Good, the Bad and the Disconcerting: A Week in the Life of University Project Based Learning for Schools 16. The Containment of Democratic Innovation: Reflections from Two University Collaborations 17. Citizen Power, the University and the North East 18. So What is a University in Any Case?: A Grass-roots Perspective on the University and Urban Social Justice 19. Conclusion: Hope in an Age of Austerity and a Time of Anxiety

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Book SynopsisThis book offers Ireland's introduction of a welfare-to-work market as a case study that speaks to wider international debates in social and public policy about the role of market governance in intensifying the turn towards more regulatory and conditional welfare models on the ground.Table of Contents1. Introduction 2. Welfare Reform in Post-Crisis Ireland 3. Exploring Double Activation 4. Workfare Meets Marketisation 5. Remodelling Agency at the Street-Level 6. Conclusion

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Book SynopsisImperial Inequalities takes Western European empires and their legacies as the explicit starting point for discussion of issues of taxation and welfare. In doing so, it addresses the institutional and fiscal processes involved in modes of extraction, taxation, and the hierarchies of welfare distribution across Europe’s global empires. The idea of ‘imperial inequalities’ provides a conceptual frame for thinking about the long-standing colonial histories that are responsible, at least in part, for the shape of present inequalities. This wide-ranging volume challenges existing historiographical accounts that present states and empires as separate categories. Instead, it views them as co-constitutive units by focusing upon the politics of economic governance across imperial spaces. Authors examine the fiscal innovations that enabled European empires to finance their expansion, the politics of redistribution that were important to constructing the veneer of legitimacy of taxation, and the fiscal mechanisms that were established to ensure that the imperial contours of inequality continued to define the postcolonial world. These diverse contributions provide new resources for how we think about issues of taxation and welfare across the longue durée.This book is relevant to United Nations Sustainable Development Goal 10, Reduced inequalitiesTable of ContentsPreface: Fiscal democracy and the legacy of empire – Quinn SlobodianAcknowledgementsIntroduction: Imperial Inequalities – Gurminder K. Bhambra and Julia McClure Part I: Institutional and fiscal issues1 The great gage: Mortgaging Ireland to finance an empire – David Brown 2 The cost of thrift: The politics of ‘financial autonomy’ in the French colonial empire, 1900–14 – Madeline Woker3 Madagascar and French imperial mercantilism: Foreign trade and domestic crises, 1895–1914 – Samuel F. Sanchez4 The right to sovereign seizure? Taxation, valuation, and the Imperial British East Africa Company – Emma Park5 Internal inequalities: Taxpayers, taxation, and expenditure in Sierra Leone, c. 1890s to 1937 – Laura ChanningPart II: Taxation and welfare6 Taxation, welfare, and inequalities in the Spanish imperial state – Julia McClure7 Political economies of welfare of the Spanish Empire: Tax and charity for the Hospital de los Naturales of Potosí – Camille Sallé8 Poverty, health, and imperial wealth in early modern Scotland – Andrew Mackillop9 Compromise and adaptation in colonial taxation: Political-economic governance and inequality in Indonesia – Maarten Manse 10 Imperial revenue and national welfare: The case of Britain – Gurminder K. Bhambra Part III: Post-colonial legacies11 Making investor states: Haitian foreign debt and neocolonial economic governance in nineteenth-century France – Alexia Yates 12 The lure of the welfare state following decolonisation in Kenya – Lyla Latif 13 From capitation taxes to tax havens: British fiscal policies in a colonial island world – Gregory Rawlings14 Imperial extraction and ‘tax havens’ – Alex Cobham15 The Crown Agents and the CDC Group: Imperial extraction and development’s ‘private sector turn’ – Paul Robert GilbertAfterword: Imperialism and global inequalities – Heloise WeberIndex

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Book SynopsisRecent policies have replaced direct government funding for teaching with fees paid by students. As well as saddling graduates with enormous debt, satisfaction rates are low, a high proportion of graduates are in non-graduate jobs, and public debt from unpaid loans is rocketing. This timely and challenging analysis combines theoretical and data analysis and insights gained from running a university, to give robust new policy proposals: lower fees; reintroduce maintenance awards; impose student number caps; maintain taxpayer funding; cancel the TEF; re-build the external examiner system; restructure the contingent-repayment loan scheme; and establish different roles for different types of institutions, to encourage excellence and ultimately benefit society.Trade Review"An eloquent and convincing case that the changes in the funding of higher education since 2010 have taken the English university system in a fundamentally mistaken direction". Alasdair Smith, University of Sussex"Convincingly undermines the rationale for the funding regime for English higher education established since 2010 - and it does so strictly on the government’s own terms." Peter Scott, Institute of Education, University College London“An extremely topical up-to-date analysis of recent Government policies and their effect on the public purse, student finance, student behaviour, the university system and the internal management of universities.. will be invaluable for a wide group of readers, from higher education employees and staff to policy makers, the media and students.” Dame Hon Margaret Hodge MP"Excellent analysis of how UK university reforms since 2012 have proved dysfunctional because they created too little, not too much, competition, and allowed university managements to divert most of the extra fee funding to their own ends. It offers solutions from the insights of two economists and a former VC." Peter Holmes, University of Sussex"A robust and astute diagnosis of some of the detrimental effects generated by the fee/loan system of funding introduced in 2012 and the regulatory regime established by the Higher Education and Research Act of 2017... a valuable source of arguments for an informed critique of the proposals that are expected to emerge shortly from the Augar Review of university funding and Dame Shirley Pearce’s independent review of the TEF." Council for the Defence of British UniversitiesTable of ContentsIntroduction How Did We Get Here? A Short Note On: The Case for Free Tuition and the Scottish Approach Markets Without Competition Stakeholders and Expenditures Expanding Numbers and Maintaining Standards A Short Note On: Setting up the OIA Widening Participation and Student Finance A Short Note On: The Open University A Short Note On: The Case for Career Colleges: The US Model, by Lincoln E. Frank Adjusting to the Future

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Book SynopsisThroughout the history of European integration, economic wealth has increased to the benefit of citizens in the European Union (EU). However, inequalities in well-being persist within and between Europe’s regions, undermining the legitimacy of the EU in the eyes of citizens. This book investigates how the EU can use its regional funding programmes in ways that increase citizen well-being. The book shows that while EU social investments improve labour market performance in rich regions, they exacerbate income inequality in poor regions. Based on this insight, the book presents a theory on the conditions under which EU funding will enhance well-being. Crucially, it argues the case for enhancing the inclusivity of EU growth, which yields the promise of a more legitimate and stronger union.Table of ContentsForeword - Bo Rothstein 1. Rethinking Regional Development 2. Social Goals in EU Regional Development Policy 3. A Theory of EU Spending and Regional Well-Being 4. Patterns of Regional Well-Being 5. EU Spending Effects on Regional Well-Being 6. Barriers to Improving Regional Well-Being 7. Regional Well-Being, Inclusive Growth and EU Legitimacy Appendix A: Qualitative and Standardized Interview Data Appendix B: EU Social and Economic Investments Appendix C: Measuring Poverty and Inequality Appendix D: Patterns of Regional Well-Being Appendix E: Determinants of Regional Well-Being

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Book SynopsisIn his academic work, Robert Higgs has dissected the government's shrewd secret excesses that lead to the Welfare State, the Warfare State, and the Administrative State. For several decades he has unstintingly chronicled the federal, state, and local governments' malfeasance in these many areas of life that all levels of government have intruded upon without Constitutional mandate. In this book, however, are essays that show a whimsical, introspective, and personal side of this world renowned scholar. From the myth that the government has derived its powers from the consent of the governed to the role of independent experts in formulating monetary and fiscal policy; from the government's duplicity in announcing the unemployment rate in a given month to how the state entraps us, if you want to see a true polymath at work, these lofty, serious, sad, and illuminating essays will educate you beyond what you had thought possible about life, liberty, and the economy.

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Book SynopsisIn his academic work, Robert Higgs has dissected the government's shrewd secret excesses that lead to the Welfare State, the Warfare State, and the Administrative State. For several decades he has unstintingly chronicled the federal, state, and local governments' malfeasance in these many areas of life that all levels of government have intruded upon without Constitutional mandate. In this book, however, are essays that show a whimsical, introspective, and personal side of this world renowned scholar. From the myth that the government has derived its powers from the consent of the governed to the role of independent experts in formulating monetary and fiscal policy; from the government's duplicity in announcing the unemployment rate in a given month to how the state entraps us, if you want to see a true polymath at work, these lofty, serious, sad, and illuminating essays will educate you beyond what you had thought possible about life, liberty, and the economy.

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Book SynopsisAll developed countries in the world today, especially in the U.S., face a common problem: they have promised more than they can deliver. People are expecting benefits for which taxpayers are not likely willing or able to pay. In addition, the benefits that government provides are all too often delivered inefficiently, impersonally, inflexibly, and in a way that encourages perverse behavior on the part of the beneficiaries. In New Way to Care: Social Protections That Put Families First, the author, John C. Goodman, considers this dilemma and explores reasonable alternatives to our current dependency on inefficient government programs. Dr. Goodman guides us through the governmental maze of healthcare, social security and other governmental insurance programs, and offers important solutions that are relevant for today.Table of Contents Introduction: A Better Approach to Public Policy Section I: Managing Life's Risks 1. The Case for Change 2. Opportunities for Change 3. The Mechanics of Change 4. The Parameters of Change Section II: Taking a Closer Look at the Risks 5. The Risk of Growing Too Old and Outliving One's Assets 6. The Risk of Dying Too Young and Leaving Dependent Family Members without Resources 7. The Risk of Becoming Disabled and Facing Financial Ruin 8. The Risk of Facing a Major Health Event and Being Unable to Afford Needed Medical Care 9. The Risk of Becoming Unemployed and Finding No Market for One's Skills Section III: Taking a Closer Look at Some Solutions 10. Addressing the Risks of Old Age 11. Opting Out of Social Security Survivors' Insurance 12. Opting Out of Social Security Disability Insurance 13. Addressing the Risk of Ill-health 14. Opting Out of Unemployment Insurance Conclusion: Life Under a Reformed System

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Book SynopsisAt a time when austerity is claimed by some to be the only answer to today’s economic woes, a close look at the best practices used in Scandinavia is edifying. Decision makers everywhere dispose of ample evidence showing that social determinants have an impact on health and wellbeing. Yet governments develop policies that diverge enormously. Scandinavian countries are often cited as models for their egalitarian social and health policies but are also known to have thriving economies where the gap dividing rich from poor is smaller than elsewhere. Despite quasi mythic status, these policies aimed to combat inequalities in health are neither well known or understood. Policies discussed in Scandinavian Common Sense include education, housing, conciliation of work and family life, daycare, sustainable development and more. For these policies to be part of political debate, be it in Quebec, Canada, the United States or elsewhere, they must be in the public domain. That is the purpose of this book.

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Book SynopsisThis book contains a concise, simple, yet precise discussion of externalities, public goods and insurance. Rooted in the first fundamental theorem of welfare economics and in noncooperative equilibrium, it employs elementary calculus. The book presents established theory in novel ways, and offers the tools for the application of the social welfare criteria of efficiency and equity to environmental economics, networks, bargaining, political economy, and the pricing of public goods and public utilities.This innovative, user-friendly textbook will be of use over a broad range of disciplines. The applications found here include international global-warming issues (North vs. South model), and bargaining over externalities (Coase's theorem). This text also introduces the Wicksell-Lindahl model in its original form, which depicts the parliamentary negotiation between representative parties and provides an effective introduction to political economy. Later, these ideas are applied to the pricing of an excludable public good, revealing the theoretical connection between public utility pricing and the pricing of excludable public goods.The text integrates three forms of discourse: verbal, graphical, and formal. Elementary calculus is frequently used, allowing for clarity and precision; qualities that are often missing in conventional textbooks. The main text considers a finite number of consumers and appendices cover the continuum mathematical model, which is implicit in the references to the 'marginal consumer' found in traditional texts.The analysis found in Public Microeconomics is simple and operational, conducive to computationally easy examples and exercises. This textbook is ideally suited to graduate and upper-level undergraduate courses ineconomics, political science, policy and philosophy.Contents: Preface Foreword to Students 1. Introduction 2. Private Goods Without Externalities 3. Externalities 4. Public Goods 5. Public Utilities 6. Uncertainty and Asymmetrical Information IndexTable of ContentsContents: Preface Foreword to Students 1. Introduction 2. Private Goods Without Externalities 3. Externalities 4. Public Goods 5. Public Utilities 6. Uncertainty and Asymmetrical Information Index

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Book SynopsisThe United Nations High Commissioner for Refugees estimates that there are more than 12 million stateless people in the world. The existence of stateless populations challenges some central tenets of international law and contemporary human rights discourses, yet only a very small number of states have made measurable progress in helping individuals acquire or regain citizenship. This fascinating study examines positive developments in eight countries and pinpoints the benefits of citizenship now enjoyed by formerly stateless persons.The expert contributors present an original comparative study that draws upon legal and political analysis as well as empirical research (incorporating over 120 interviews conducted in eight countries), and features the documentary photography of Greg Constantine. The benefits of citizenship over statelessness are identified at both community and individual level, and include the fundamental right to enjoy a nationality, to obtain identification documents, to be represented politically, to access the formal labor market and to move about freely. Gaining or reacquiring citizenship helps eliminate isolation and solicits the empowerment of individuals, collectively and personally. Such changes are of considerable importance to the advancement of a human rights regime based on dignity and respect. This highly original and thought-provoking book will strongly appeal to a wide-ranging audience including academics, researchers, students, human rights activists and government officials with an interest in a diverse range of fields encompassing law, international studies, public policy, human rights and citizenship.Trade Review‘In our supposedly borderless world, having a nationality, and thus access to documents which permit travel and proof of identity, has become increasingly important. In many parts of the world, including the cases in Europe, Africa and Asia covered in this collection, large groups of people struggle with forms of de facto or de jure statelessness. In addition to providing a conceptual framework derived from international human rights norms for understanding better the phenomenon of statelessness, this collection presents important empirical research material helping us to understand, from the ground up, how statelessness is experienced.’ -- Jo Shaw, University of Edinburgh, UK‘What difference does citizenship make? The vulnerability of stateless persons clearly demonstrates the benefits of having a nationality. But so far nobody has examined how much the situation of stateless persons improves when they finally get documents and citizenship status. This exploratory study analyses practical difficulties and real progress in overcoming statelessness. It gives voice to the victims and sets a political agenda. Academic researchers, non-governmental organizations and policy-makers should read this book.’ -- Rainer Bauböck, European University Institute, Florence, Italy‘Embracing a subject that is generally treated abstractly, as a matter of human rights law, the authors of this pathbreaking book root statelessness deep into historical context and lived experience. They emerge with conclusions that are both dismaying (the expansive scope of the problem) and hopeful (the measurable progress some states have made in expanding the boundaries of citizenship). Alas, this eloquent book could hardly be more timely.’ -- Linda K. Kerber, University of Iowa, USTable of ContentsContents: 1. Statelessness and the Deprivation of Nationality Brad K. Blitz and Maureen Lynch 2. Nationality and Rights Laura van Waas 3. Citizenship in Kenya: The Nubian Case Abraham Korir Sing’Oei 4. From Erased and Excluded to Active Participants in Slovenia Jelka Zorn 5. From Statelessness to Citizenship: Up-country Tamils in Sri Lanka P.P. Sivapragasam 6. Citizenship Reform and Challenges for the Crimean Tatars in Ukraine Rustem Ablyatifov 7. The Urdu-speakers of Bangladesh: An Unfinished Story of Enforcing Citizenship Rights Katherine Southwick 8. Mauritania: Citizenship Lost and Found Julia Harrington Reddy 9. Statelessness, Citizenship and Belonging in Estonia Raivo Vetik 10. Arabia’s Bidoon Abbas Shiblak 11. Summary and Conclusions Maureen Lynch and Brad K. Blitz 12. Epilogue James A. Goldston Bibliography Index

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Book SynopsisThis collection brings together the key papers in the area of efficiency in law and economics. Alongside an original introduction, the collection covers the applications of economic efficiency to law and the limitations and morality of efficiency. This important book will appeal to anyone interested in the underlying welfare theory relating to the use of economics in law, examining both the history and impact of the theory, as well as its deficiencies.Table of ContentsContents: Acknowledgements Introduction The Development of Economic Efficiency in Law - Richard O. Zerbe Jr. PART I APPLICATIONS OF ECONOMIC EFFICIENCY TO LAW 1. Arnold C. Harberger (1971), ‘Three Basic Postulates for Applied Welfare Economics: An Interpretive Essay’ 2. Steven Shavell (1981), ‘A Note on Efficiency vs. Distributional Equity in Legal Rulemaking: Should Distributional Equity Matter Given Optimal Income Taxation?’ 3. Louis Kaplow and Steven Shavell (1994), ‘Why the Legal System is Less Efficient than the Income Tax in Redistributing Income’ 4. Jonathan R. Macey and Maureen O’Hara (1999), ‘Regulating Exchanges and Alternative Trading Systems: A Law and Economics Perspective’ 5. Ugo Mattei (1994), ‘Efficiency in Legal Transplants: An Essay in Comparative Law and Economics’ 6. Alan Schwartz and Joel Watson (2004), ‘The Law and Economics of Costly Contracting’ PART II LIMITATIONS OF EFFICIENCY 7. Robert D. Cooter (1987), ‘Liberty, Efficiency, and Law’ 8. Homer Kripke (1985), ‘Law and Economics: Measuring the Economic Efficiency of Commercial Law in a Vacuum of Fact’ 9. Mario J. Rizzo (1979-1980), ‘The Mirage of Efficiency’ PART III UTILITARIANISM AND WEALTH MAXIMIZATION 10. Richard A. Posner (1979), ‘Utilitarianism, Economics, and Legal Thought’ 11. Anthony T. Kronman (1980), ‘Wealth Maximization as a Normative Principle’ 12. Richard A. Posner (1985), ‘Wealth Maximization Revisited’ PART IV MORALITY OF EFFICIENCY 13. Richard O. Zerbe, Jr. (2007), ‘The Legal Foundation of Cost-Benefit Analysis’ 14. Mark D. White (2006), ‘A Kantian Critique of Neoclassical Law and Economics’ 15. Russell Hardin (1992), ‘The Morality of Law and Economics’ 16. Richard O. Zerbe, Jr. (2006), ‘Justice and the Evolution of Common Law’ PART V OTHER CONCEPTS OF EFFICIENCY 17. John Rawls (1958), ‘Justice as Fairness’ 18. Amartya Sen (1993), ‘Capability and Well-Being’ 19. Guido Calabresi (1991), ‘The Pointlessness of Pareto: Carrying Coase Further’ 20. Jonathan Klick and Francesco Parisi (2004), ‘Wealth, Utility, and the Human Dimension’ 21. Richard O. Zerbe, Jr. (1998), ‘Response: An Integration of Equity and Efficiency’

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Book SynopsisProviding extensive surveys on the most recently developed themes of individual and social well-being, this Handbook offers a comprehensive treatment of less traditional approaches to empirical and theoretical research. The novel complementary perspective by which each topic is addressed presents a broader outlook on the various dimensions of inequality and well-being.Each topic is assessed through two accompanying chapters: first, a detailed study of the theoretical approaches, followed by a supporting chapter of empirical findings. The original contributions cover themes ranging from human development to social exclusion, and from going beyond GDP as the primary indicator of progress to evaluating the persistence of poverty. The chapters also address measures of vulnerability and economic insecurity. The Handbook emphasizes the distributional aspects of inequalities across different groups through the analysis of polarization, segregation, and social fractionalization.This is an excellent Handbook for postgraduates and researchers in the social sciences and economics. The contributions rethink some of the traditional theories and models for measuring inequality and well-being, and push the boundaries for future research. The policy-relevant insights will also be of great use for social policy professionals and analysts.Contributors include: C. Balestra, L. Bellani, R. Boarini, C. Calvo, B. Cantillon, O. Canto, L. Ceriani, S. Chakravarty, N. Chattopadhyhay, M. Ciommi, C. del Rio, I. Dutta, A. Fusco, A. Gábos, C. Gigliarano, E. Giovannini, T. Goedemé, C. Gradin, A.-C. Guio, M. Hoy, C. Lasso de la Vega, R. Mora, L. Osberg, N. Rohde, T. Rondinella, N. Ruiz, E. Savaglio, S. Seth, J. Silber, K.K. Tang, I. Tóth, S. Vannucci, P. Verme, A. Villar, O. Volij, G. Yalonetzky, B. ZhengTrade ReviewThis volume contains an excellent collection of chapters by outstanding economists on the subject of social and economic well-being. Among the authors are Lars Osberg, Carlos Gradin, Olga Canto, and Jacques Silber, with a first-rate overview provided by Conchita D'Ambrosio. The chapters are paired, with a theoretical analysis followed by an empirical implementation. Topics include well-being measures going beyond GDP, human development and poverty, multidimensional poverty and material deprivation, social exclusion, economic insecurity, relative deprivation and satisfaction, social inequality, social polarization, and segregation.' --Edward N. Wolff, New York University, US'This Handbook updates and modernizes decades of scholarship on macro-level markers of progress and micro-level measures of well-being. Its main contribution is its insistence on integrating non-traditional frameworks into conventional approaches to defining, measuring, and tracking socio-economic outcomes at multiple levels. This sophisticated collection spans a remarkable array of outcomes, dimensions, and indicators, including poverty, deprivation, development, exclusion, polarization, segregation, diversity, vulnerability, insecurity, and satisfaction. D'Ambrosio's ambitious decision to pair theoretical and empirical analyses of each topic pays off beautifully.' --Janet C. Gornick, City University of New York, Graduate Center, USTable of ContentsContents: Introduction by Conchita D’Ambrosio 1. Going Beyond GDP: Theoretical Approaches Enrico Giovannini and Tommaso Rondinella 2. Going Beyond GDP: Empirical Findings Carlotta Balestra, Romina Boarini and Nicolas Ruiz 3. Human Development and Poverty: Theoretical Approaches Suman Seth and Antonio Villar 4. Human Development and Poverty: Empirical Findings Suman Seth and Antonio Villar 5. Multidimensional Poverty and Material Deprivation: Theoretical Approaches Satya R. Chakravarty and Nachiketa Chattopadhyay 6. Multidimensional Poverty and Material Deprivation: Empirical Findings Anne-Catherine Guio 7. Social Exclusion: Theoretical Approaches Luna Bellani and Alessio Fusco 8. Social Exclusion: Empirical Findings Bea Cantillon, András Gábos, Tim Goedemé and István György Tóth 9. Poverty Over Time: Theoretical Approaches Michael Hoy and Buhong Zheng 10. Poverty Over Time: Empirical Findings Carlos Gradin, Olga Cantó and Coral del Rio 11. Vulnerability to Poverty: Theoretical Approaches Cesar Calvo 12. Vulnerability to Poverty: Empirical Findings Lidia Ceriani 13. Economic Insecurity: Theoretical Approaches Nicholas Rohde and Kam Ki Tang 14. Economic Insecurity: Empirical Findings Lars Osberg 15. Relative Deprivation and Satisfaction: Theoretical Approaches Lucio Esposito 16. Relative Deprivation and Satisfaction: Empirical Findings Paolo Verme 17. Social Inequality: Theoretical Approaches Casilda Lasso de la Vega 18. Social Inequality: Empirical Findings Indranil Dutta and Gaston Yalonetzky 19. Income and Social Polarization: Theoretical Approaches Iñaki Permanyer 20. Income and Social Polarization: Empirical Findings Chiara Gigliarano 21. Segregation: Theoretical Approaches Oscar Volij 22. Segregation: Empirical Findings Ricardo Mora and Jacques Silber 23. Diversity and Social Fractionalization: Theoretical Approaches Mariateresa Ciommi, Ernesto Savaglio and Stefano Vannucci 24. Diversity and Social Fractionalization: Empirical Findings Mariateresa Ciommi Index

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Book SynopsisThis highly original and thought-provoking book examines the recent expansion of social protection in China, India, Brazil and South Africa - four countries experiencing rapid economic growth and social change.The authors explore the developments in each country, analyze the impact of government cash transfers and discuss key future trends. The study reveals that social protection has complemented economic growth and supported development efforts and has been fundamental to promoting equitable and sustainable societies.The book is essential reading for students of social policy, economics, development studies and public administration and will be an important resource for policymakers and administrators everywhere.Contributors: F. Bastagli, M.P. Gomes dos Santos, A. Hall, R. Kattumuri, J. Kruger, B. Li, J. Midgley, L.G. Mpedi, R. Mutatkar, K. Ngok, L. Patel, D. Piachaud, M. Singh, F.V. Soares, S. Soares, Y. ZhuTrade Review‘This book is essential reading for students of social policy, economics, development studies and public administration and will be a useful resource for policymakers and administrators who feel interested to improve social protection schemes.’ -- China Journal of Social Work‘Especially useful is the authors’ critique of the gaps discovered in their work and the proffered recommendations for further study. This proves invaluable for researchers who are interested in this ?eld of study. The book is ideal for anyone interested in social issues as well as social scientist and is highly recommended for social policy majors.’ -- Journal of Human Development and CapabilitiesTable of ContentsContents: PART I: INTRODUCTION AND OVERVIEW 1. Introduction David Piachaud 2. Social Protection in Countries Experiencing Rapid Economic Growth: Goals and Functions James Midgley PART II: CHINA 3. The Transition of Social Protection in China Kinglun Ngok 4. Current Approaches to Social Protection in China Yapeng Zhu 5. Future Trajectories for China Bingqin Li PART III: INDIA 6. Historical Developments and Goals of Social Protection Policies in India Ruth Kattumuri and Manju Singh 7. Social Protection in India: Current Approaches and Issues Rohit Mutatkar 8. Future Prospects of Social Protection in India Rohit Mutatkar PART IV: BRAZIL 9. The Brazilian Social Protection System: History and Present Configuration Maria Paula Gomes dos Santos 10. The Efficiency and Effectiveness of Social Protection Against Poverty and Inequality in Brazil Sergei Soares 11. Political Dimensions of Social Protection in Brazil Anthony Hall 12. The Future of Social Protection in Brazil Francesca Bastagli and Fabio Veras Soares PART V: SOUTH AFRICA 13. Social Protection in South Africa: History, Goals and Strategies Leila Patel 14. Current Approaches to Social Protection in the Republic of South Africa Letlhokwa George Mpedi 15. Social Protection in South Africa – Recent Achievements and Future Prospects John Kruger PART VI: CONCLUSION 16. Conclusion: Experiences, Issues and Future Possibilities David Piachaud and James Midgley Index

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Book SynopsisThis timely book offers a nuanced critique of the nudge narrative, and demonstrates why and how ethical behaviour can have significant positive economic and wellbeing outcomes. Morris Altman models a complex alternative to the expectations of ethical behaviour and shows how this behaviour can be consistent with competitive market economies, contrary to what conventional economic theory suggests. Providing an alternative theoretical framework to analyse the relationship between ethical behaviour, decision-making environments and capabilities, individual preferences and the economy, Altman examines how being ethical can be an engine for economic growth and development. The book offers a better understanding of how ethical behaviour is good not only for the economy, but also for improving the wellbeing of our society at large whilst respecting and enhancing the rights and freedoms of individuals. This book is an important read for all those not content with the conventional economic narrative. It is also a provocative and thoughtful book for policy-makers and economists looking to better understand the growing importance of ethical behaviour for the economy.Trade Review'In this ambitious and wide-ranging book, Altman takes a behaviorally informed approach to answer the perennial question of how capitalism relates to ethics. By examining the choices made by firms, consumers, and government, Altman shows how markets and morality can interact and support each other - and more importantly, under which circumstances they do not. In doing so, he offers a blueprint for reform to ensure global wellbeing continues to rise without compromising other ethical goals such as equality and freedom.' --Mark White, College of Staten Island, CUNY, US'Altman has spent many years in the scientific study of the role of morality in economic behavior. This book reports the major findings of this research - research carried out by many economists and policy analysts around the world. His conclusion: that ethical behavior in a market economy is both possible and success-enhancing for both firms and their leaders. For years economists corrupted the top business schools with the message that ethical behavior is a loser, and greed is inevitable in the circle of winners. But the evidence is clearly to the contrary. Business leaders and policy-makers have been changing their tune in recent years, recognizing that honesty and integrity are good both for the individual and for the functioning of a vibrant economy.' --Herbert Gintis, University of Massachusetts, Amherst and Santa Fe Institute, US'In 1987 Amartya Sen published the book Ethics and Economics, in which he invited the economics profession to take better account of the ethical sensibilities that condition economic behavior. The profession has been terribly slow in accepting that invitation. In this book, Morris Altman pushes the conversation forward by exploring a wide range of questions related to the place of ethical conduct in a capitalist economy. We learn here the conditions under which ethical firms can prosper, but also that capitalist markets are apt to sustain both ethical and non-ethical firms. Drawing on both orthodox and heterodox thought, Altman clarifies central questions concerning ethical economic conduct. Thirty years after Sen, the questions pursued here are now central to public debate over corporate social responsibility, and to public policy.' --George DeMartino, University of Denver, USTable of ContentsContents: 1. Introduction: Rethinking Ethics, Economic Theory, and Public Policy 2. The Evolution of Ethics and the Market Economy 3. Understanding Why Ethical Production and Ethical Investment Can Flourish in a Global Economy 4. Ethical Choices in the Economic World 5. Free Will in Economics: Is There Freedom of Choice? 6. The Ethics of Capabilities 7. How Much Are You Willing to Pay to Be Ethical? An Experiment 8. Why Being Green Can Make You Happy and be Good for the Economy 9. The Road to Freedom? Ethical Implications of Economic Theory for Public Policy: Insights from Behaviour Economics Index

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Book SynopsisThe study of income inequality is of fundamental importance to economics, although it has been largely overlooked since the 1980s. This book provides a long-overdue review of the study of income inequality and of its importance both to the economic welfare of modern advanced economies and their social cohesion. This book both widens the traditional scope of the subject to include, for example, the long-run effects of globalisation on income inequality, but also integrates the various models models to provide a coherent and consistent analysis of this important issue.'- Eric J. Pentecost, Loughborough University, UKWith the increased interest in the role of inequality in modern economies, this timely and original book explores income distribution as an equilibrium phenomenon. Though globalization tends to destroy earlier equilibria within industrialized and developing countries, new equilibria are bound to emerge. The book aims at a better understanding of the forces that create these new equilibria in income distribution and examines the concept at three distinct levels: market equilibrium, bargaining equilibrium and political economy equilibrium. In particular, the author addresses the question of how the main factor markets of labour and capital are related to income distribution.Sell's theoretical and empirical analysis investigates global income quotas, the aggregate distribution of income between labour and capital, and between labour income earners and profit income earners. New models are used to explain the dynamics of income distribution during business cycles and as a companion to long-term economic growth. A main focus of the monograph is on the ways in which globalization affects income distribution via trade flows, capital flows and labor mobility. Throughout, income distribution is regarded as a result of the struggle between different social preferences such as inequity aversion and equity aversion.This erudite and extensive tome will be of value to all economists, scholars and students interested in economic growth and inequality.Trade Review‘The study of income inequality is of fundamental importance to economics, although it has been largely overlooked since the 1980s. This book provides a long-overdue review of the study of income inequality and of its importance both to the economic welfare of modern advanced economies and their social cohesion. This book both widens the traditional scope of the subject to include, for example, the long-run effects of globalisation on income inequality, but also integrates the various models models to provide a coherent and consistent analysis of this important issue.’ -- Eric J. Pentecost, Loughborough University, UK‘This thoroughly researched volume will contribute massively to our understanding of income distribution and of the highly complex roots of inequality, will generate more research on the many linkages that the author has found between different factors, and will generally be the point from which future research in the field sets out.’ -- Citizen’s Income‘Sell’s book provides a welcome addition to the recent array of books on inequality. It combines empirical discussion with a solid discussion of existing theory combined with original ideas on what might be driving inequality and how policy can affect it. I recommend this book be read by undergraduates interested in the topic as well as by more advanced researchers and practitioners alike.’ -- Journal of Economics / Zeitschrift für NationalökonomieTable of ContentsContents: 1. Introduction 2. Various Concepts of Equilibrium in Economics 3. Income Distribution and the Labour Market 4. Income Distribution and the Capital Market 5. Income Distribution and the Business Cycle 6. Income Distribution and Economic Growth 7. Factor Mobility and Income Distribution 8. International Trade and Income Distribution 9. Final Remarks Bibliography Index

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Book SynopsisFor some, Sweden is proof that a generous welfare state is fully compatible with a growing competitive economy. For others, it is a frightening example of what big government can do to a once thriving economy. Sweden and the Revival of the Capitalist Welfare State tackles a number of controversial questions regarding Sweden's economic and political development: How did Sweden become rich? How did Sweden become egalitarian? Why has Sweden since the early 90s grown faster than the US and most EU-countries despite its high taxes and generous welfare state?The author uses new research on institutions and economic reforms to explain the rise, the fall and the recent revival of the Swedish welfare state. The central argument is that a generous welfare state like that of Sweden can work well, provided that it is built on well-functioning capitalist institutions and economic openness. The book expertly explains how Sweden developed from a poor and highly unequal society to one of the richest and most egalitarian countries in the world by building a universal welfare state on a capitalist foundation. It also engages in an important discussion about the current and future challenges for the welfare state in general.The book will fit well in introductory and advanced courses on welfare state policy, social work, sociology, economic history, institutional economics and political science. In all these disciplines, the case of Sweden has always provoked interest and debate, due to Sweden's combination of prosperity, equality and extensive welfare state. The rapid pace of change in Sweden over the last 25 years, however, means that most other books are descriptively dated.Contents: 1. Introduction 2. Prosperity and equality: The golden years 1870-1970 3. The 'not quite so golden' years 1970 - 1995 4. The return of the capitalist welfare state 5. The capitalist welfare state's bloc-transcending history 6. The consequences of increasing competition 7. The resilience of labor market regulation and rent control 8. Challenges ahead: Can the capitalist welfare state survive? Appendices Bibliography IndexTrade Review'Sweden has a remarkable political culture that marries market liberalism and social democratic sensibilities. Bergh's fine book helps us get beyond a sense of paradox in that.' --Daniel Klein, George Mason UniversityTable of ContentsContents: 1. Introduction 2. Prosperity and equality: The golden years 1870-1970 3. The ‘not quite so golden’ years 1970 – 1995 4. The return of the capitalist welfare state 5. The capitalist welfare state’s bloc-transcending history 6. The consequences of increasing competition 7. The resilience of labor market regulation and rent control 8. Challenges ahead: Can the capitalist welfare state survive? Appendices Bibliography Index

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Book SynopsisThis book answers a number of important questions about the distribution of wealth among people and the way that this distribution has changed over time. It provides a comprehensive analysis of the personal distribution of wealth from many dimensions: economic, statistical, ethical, political, sociological and legal.Using data from 21 countries, this book demonstrates how inequality in the distribution of wealth varies between different parts of the world and how it evolves, with particular emphasis on the claim that there has been a long-term and continued increase in inequality since the 1970s in most countries. It discusses alternative ways of measuring the degree of inequality, analyses Thomas Piketty's claim that society has become more unequal in recent decades, and assesses the relative importance of the various determinants of the distribution of wealth. The authors explain why the distribution of wealth is unequal, and discuss how it could be changed with alternative policies and the possible consequences of these policies for economic efficiency. The authors also compare the different distributions of wealth that are implied by alternative views of society.This is a valuable resource for students and academics in economics, political science and sociology seeking a state-of-the-art account of the theory and evidence surrounding inequality in the distribution of wealth.Trade Review'Michael Schneider, doyen of wealth inequality, has teamed up with two talented coauthors to produce an authoritative work on this critical issue. Their book covers everything from 18th century Danish inequality to the ethics of wealth inequality. The Distribution of Wealth - Growing Inequality? is packed with data, insightful analysis and policy suggestions. The work is generous to other scholars, internationally focused and theoretically rich. If you care about the distribution of wealth - and all of us should - then this terrific book should be among your assets.' --Andrew Leigh, Economist and Australian ParliamentarianTable of ContentsContents: 1. Introduction 2. Measuring Inequality in the Distribution of Wealth 3. Empirical Studies of the Distribution of Wealth 4. Determinants of the Distribution of Wealth 5. Determinants of Changes in the Distribution of Wealth 6. Ranking Alternative Distributions of Wealth 7. How to Change the Distribution of Wealth 8. Equality versus Affluence? 9. Conclusion Bibliography Index

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Book SynopsisSouth Korea is a recently rich country with dramatic demography - expensive children, very low fertility, long life and rapid population aging. Its policies and institutions must adjust rapidly to these new economic and demographic realities, and this excellent collection of studies of the welfare state in Korea, North America, and Europe will help guide Korean policy makers in this task.'- Ronald Lee, University of California, Berkeley, US'This book explores a highly topical issue which is of immense importance throughout the world, in both advanced and developing countries. While the demand for social policies has grown strongly in the aftermath of the global financial crisis, the fiscal space required for such policies has shrunk. On the basis of rigorous analysis and evidence, the authors of this path-breaking work provide concrete and specific directions for fiscally sustainable yet effective social policies that empower and protect the common citizen.'- Donghyun Park, Asian Development Bank, PhilippinesIn response to the global financial crisis, many OECD countries reduced public spending on social policies, with economists now often referring to 'permanent austerity'. Long before the crisis, however, slow economic growth and population aging had already increased the need for rebalancing social expenditure and yet social protection was still far from adequate in many countries. Social Policies in an Age of Austerity is the first major publication on this important topic.The authors of the ten chapters in this book review recent developments in social policies in OECD countries, focusing on the United States and the Republic of Korea, and examining the use of program evaluation in social policies and drawing lessons for policymakers. The contributions cover social and fiscal policy and issues in labor market policy, in addition to the effectiveness of social insurance, education and antipoverty policy.The policies outlined and lessons provided in the book will continue to be valuable to governments, and scholars of advanced and developing countries for decades to come, and to research institutes involved in government and social policy.Contributors: D. Autor, B.-G. Chun, W. Chung, H. Kim, Y. Koh, A.B. Krueger, S.-H. Lee, H.-H. Li, H. Moon, D.W. Schanzenbach, J.K. Scholz, H. Yoo, J.P. ZiliakTrade Review‘South Korea is a recently rich country with dramatic demography – expensive children, very low fertility, long life and rapid population aging. Its policies and institutions must adjust rapidly to these new economic and demographic realities, and this excellent collection of studies of the welfare state in Korea, North America, and Europe will help guide Korean policymakers in this task.’ -- Ronald Lee, University of California, Berkeley, US‘This book explores a highly topical issue which is of immense importance throughout the world, in both advanced and developing countries. While the demand for social policies has grown strongly in the aftermath of the global financial crisis, the fiscal space required for such policies has shrunk. On the basis of rigorous analysis and evidence, the authors of this path-breaking work provide concrete and specific directions for fiscally sustainable yet effective social policies that empower and protect the common citizen.’ -- Donghyun Park, Asian Development Bank, PhilippinesTable of ContentsContents: PART I SOCIAL AND FISCAL POLICY 1. Introduction and Overview John Karl Scholz, Hyungpyo Moon and Sang-Hyop Lee 2. Tax and Spend: The Interplay of Fiscal and Social Policy John Karl Scholz and Hsueh-Hsiang Li 3. The Social Safety Net in Korea: From Welfare to Workfare Youngsun Koh PART II ISSUES IN LABOR MARKET POLICY 4. Understanding Differences in Job Growth in Europe, Canada and the United States: What Went Wrong in the United States? Alan B. Krueger PART III SOCIAL INSURANCE AND POLICY EFFECTIVENESS 5. The Unsustainable Rise of the Disability Rolls in the United States: Causes, Consequences and Policy Options David H. Autor 6. Expanding Coverage of the National Pension in Korea: The Effectiveness of the Matching Contribution Subsidy Hyungpyo Moon PART IV EDUCATION POLICY EFFECTIVENESS 7. Current Themes in Education Policy in the United States Diane Whitmore Schanzenbach 8. After-school Classes in Korea: Effects on the Demand for Private Tutoring and Academic Performance Hisam Kim PART V ISSUES IN ANTIPOVERTY PROGRAMS 9. Recent Developments in Antipoverty Policies in the United States James P. Ziliak 10. Korea’s Basic Old-Age Pension and its Poverty Reduction Effects Wankyo Chung 11. Effects of Government Subsidies on Investment by Small Companies Bong Geul Chun and Hanwook Yoo Index

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Book SynopsisBoth growth and unevenness in the distribution of housing wealth have become characteristic of advanced societies in recent decades. This book examines, in various contexts, how central housing property ownership has become to household well-being as well as in reshaping social, economic and political relations. Expert contributors analyze the critical interactions between housing and wealth that lie at the heart of contemporary forms of capitalism, especially its global, neoliberal incarnation. Comparing and contrasting case studies from across the European continent, this book illustrates how these interactions are reshaping the function of housing as a welfare object, including how the financialisation and commodification of housing in the twenty-first-century has transformed its role and amplified distributional outcomes. Practical and engaging, Housing Wealth and Welfare is a must-read for researchers and students of housing studies, social policy, sociology, social geography and political science. It will also appeal to policy makers within national and supra-national organisations and institutions such as the European Union, Housing Europe and the International Monetary Fund.Contributors include: B. Bengtsson, S. Buchholz, C. Dewilde, J. Doling, T.P. Gerber, K. Kolb, S. Köppe, C. Lennartz, S. Mandic, M. Mrzel, M. Norris, R. Ronald, H. Ruonavaara, B.A. Searle, A.M. Soaita, J. Sørvoll, A. Wallace, J.R. ZaviscaTrade Review'Home ownership has always been connected to both welfare and wealth, but the ties have been strengthened in the aftermath of the global financial crisis. Now, the editors and authors of Housing Wealth and Welfare discuss the current state of affairs. They sketch different scenarios for different countries and cohorts but never lose touch of the general trends. Required reading for anyone interested in the various faces of home ownership.' --Manuel B. Aalbers, KU Leuven, Belgium'Housing Wealth and Welfare makes a timely and important contribution to our understanding of home ownership's role in shaping contemporary welfare states.' --Gavin Wood, RMIT University, AustraliaTable of ContentsContents: 1. Why housing wealth and welfare? Richard Ronald and Caroline Dewilde PART I OLD AND NEW CONCEPTUALIZATIONS OF HOUSING AND WELFARE 2. The rise and fall of Ireland’s property based welfare state: Home ownership rates, policies and meanings in a historical perspective Michelle Norris 3. Home ownership, housing policy and path dependence in Finland, Norway and Sweden Bo Bengtsson, Hannu Ruonavaara and Jardar Sørvoll 4. Housing wealth and welfare over the life course Stephan Köppe and Beverley A. Searle 5. Housing wealth and welfare state restructuring – Between Asset-Based Welfare and the Social Investment Strategy Christian Lennartz PART II INSTITUTIONAL VARIEGATIONS OF THE RELATIONSHIP BETWEEN HOUSING, WELFARE PROVISION AND INEQUALITY 6. Financial resilience and security: The impacts of the housing market downturn on low-income home owners in Northern Ireland Alison Wallace 7. Trends in social inequalities regarding home ownership: A comparison of East and West Germany Kathrin Kolb and Sandra Buchholz 8. Home ownership in post-socialist countries – The negative impact of the transition period on old-age welfare Srna Mandič and Maja Mrzel 9. Experiences of home ownership and housing mobility after privatization in Russia Jane R. Zavisca and Theodore P. Gerber 10. The changing nature of outright home ownership in Romania: Housing wealth and housing inequality Adriana Mihaela Soaita Epilogue Housing wealth and welfare: spatially and temporally contingent John Doling Index

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Book SynopsisThere is a clear trend in rich countries that, despite rising incomes and living standards, the gap between rich and poor is widening. What does this mean for our health? Does increasing income inequality affect outcomes such as obesity, life expectancy and subjective well-being? Are rich and poor groups affected in the same ways? This book reviews the latest research on the relationship between inequality and health, and provides a pedagogical introduction to the tools and knowledge needed to understand and assess the vast literature on the subject. The book includes discussion of the definitions and measurement of objective and subjective health and income inequality, and illustrates how various measures have been developed in different countries. Main conclusions from the literature are then summarized and discussed critically. It incorporates a substantial research overview of the field, as well as a detailed debate of the empirical challenges that arise during research. The book concludes that results are surprisingly contradictory, but that several studies have found that higher inequality is directly linked to lower subjective well-being.Students and scholars in public health, social work, economics, and sociology will find this book an essential exposition of conceptual issues and empirical methods applied to the controversial topic of the health consequences of inequality.Trade Review'With this book Bergh, Nilsson and Waldenstrom bring a nuanced contribution to a research field torn by controversies and heated polemics. In a clear and pedagogical manner the authors sift through the research and weigh the evidence. It should be essential reading for anyone interested in the relationship between income inequalities and health.' --Stefan Fors, Karolinska Institutet and Stockholm University, Sweden'A terrific analysis of one of the big questions in social science. This engaging book distils the wisdom of hundreds of academic studies, while doing justice to the complexity of the issues.' --Andrew Leigh, Economist and Australian ParliamentarianTable of ContentsContents: 1. Introduction 2. Measuring Health 3. Measuring Inequality 4. How Can Economic Inequality Influence Health? 5. Correlation Or Causality? Interpreting Scatter Plots And Regressions 6. The Ecological Fallacy: What Conclusions Can Be Drawn From Group Averages? 7. Income Inequality And Health: What Does The Literature Tell Us? 8. Searching For The Inequality Effect: What Tools Are Appropriate? 9. Conclusion Index

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Book SynopsisLegitimized by the arguments of efficiency gains, public housing, pensions, unemployment insurance and health care are all being gradually privatized. In many countries, even the state's 'night-watchmen' role of providing security is offered by private prisons and security guards. In the face of these and other developments, this book argues that on the basis of efficiency, morality and equality there is still an overwhelming need for public intervention - the res publica. Public or Private Goods? brings together leading scholars from various disciplines including economics, sociology, political science, geography and spatial planning. The book explores core public tasks that the state has traditionally provided but which are increasingly privatized and subsumed into the private sector. For example, although the state still funds and regulates core domains, it provides fewer and fewer visible goods. The authors show how this apparent invisibility of the state presents serious challenges for both income equality and democracy. This thoughtful interdisciplinary book will appeal to advanced students and academics in political science, public sector economics and public finance. It will also provide stimulating reading for politicians, policymakers and anyone interested in the provision of public services.Contributors include: F. Blank, G. Bonvissuto, J. Ferwerda, M. Getzner, G. Gutheil-Knopp-Kirchwald, J. Kadi, T. Knijn, I. Koetsier, J. Lewis, B. Unger, D. van der Linde, K. van Egmond, F. van WaardenTrade Review‘The editors have gathered an impressive multidisciplinary team of authors, which mirrors Egons Matzner's socio-economic and interdisciplinary approach to public finance: The authors are academics from economics, sociology, political science, geography and spatial planning. . . The contributions in this book form an indispensable starting point for all those who want to deal with questions of public goods and the common good in a fundamental and modern non-neoclassical way.' -- European Journal of Economics and Economic Policies: InterventionTable of ContentsContents: Foreword 1. Introduction Brigitte Unger, Loek Groot and Daan van der Linde 2. Value Based Demarcation Between the Public and the Private Domain Klaas van Egmond Part I Traditional Core Tasks of the State: Security 3. The Fight against Money Laundering: A Public Task? Joras Ferwerda 4. Natural Disasters and (Future) Government Debt Ian Koetsier Part II New Core Tasks: Social Security 5. The Advantages and Disadvantages of Different Pension System Designs Ian Koetsier 6. Pension Provision: (Still) a Public Task? Florian Blank 7. Protection Against Unemployment – A Res Publica? Brigitte Unger 8. More Health Care or More Beer? A Curious Paradox of Making Some Economic Tasks a Res Publica Frans van Waarden 9. ECEC: Childcare Markets in the Netherlands and England Trudie Knijn and Jane Lewis Part III Public Goods 10. Housing Policy and Spatial Inequality: Recent Insights from Vienna and Amsterdam Gerlinde Gutheil-Knopp-Kirchwald and Justin Kadi 11. Funding of Protected Areas: A Purely Public Task? Grazia Withalm 12. The Role of Governments in Conserving and Funding Cultural Institutions Michael Getzner 13. Income Distribution as a Public Task: The Redistributive Preferences of (Mis)informed Voters Daan van der Linde 14. Conclusions Brigitte Unger, Michael Getzner and Daan van der Linde Index

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Book SynopsisThe papers in Measurement of Poverty, Deprivation, and Social Exclusion represent the most current research on poverty, deprivation, and income mobility. They illustrate the multidimensionality of poverty that is difficult to capture in any one measure. The volume presents state-of-the-art research that is relevant to poverty academics globally. The papers use a variety of methods that measure the persistence of poverty over time and cover numerous countries and circumstances. A selection of papers focus on single countries while others include comparisons of countries. The volume begins with a set of papers that examine particular groups that are most vulnerable to poverty and deprivation in a variety of places. These include measuring the persistence of poverty of immigrant children in Scandinavian countries. Finally the volume concludes with papers that analyze the relationships of two or more measures together to further elucidate what we know if we have only one measure of poverty.Table of ContentsPoverty Profiles and Well-Being: Panel Evidence from Germany. Once Poor, Always Poor? Do Initial Conditions Matter? Evidence from the ECHP. Factors Associated with Poverty and Indigence Mobility in Five Latin American Countries. The Contribution of Income Mobility to Economic Insecurity in the US and Spain during the Great Recession. The Role of Skills in Understanding Low Income in Canada. Immigrant Child Poverty – The Achilles Heel of the Scandinavian Welfare State. Rural Poverty and Ethnicity in China. Static and Dynamic Disparities between Monetary and Multidimensional Poverty Measurement: Evidence from Vietnam. Hardship, Debt, and Income-Based Poverty Measures in the USA. Modeling the Joint Distribution of Income and Wealth. About the Editors. Copyright page. Measurement of Poverty, Deprivation, and Economic Mobility. Introduction. List of Contributors. Research on Economic Inequality. Measurement of Poverty, Deprivation, and Economic Mobility. About the Authors.

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Book SynopsisThe essays in this series offer fresh theoretical and methodological insights into the key issues in the field of economic inequality. The content is comprised of highly topical subject matter with key researchers in the field contributing.Trade ReviewEditors Bishop and Rodriguez present readers with a collection of papers selected from research presented at the sixth ECINEQ meeting, held in Luxembourg in 2015. The selections that make up the main body of the text are devoted to reference groups and the poverty line; the vulnerable and the poor; the effects of reducing inequality in household education, health, and access to credit on pro-poor growth, and other related subjects. John A. Bishop is a faculty member of East Carolina University in North Carolina. Juan Gabriel Rodriguez is a faculty member of the Universidad Complutense de Madrid in Spain. -- Annotation ©2017 * (protoview.com) *Table of ContentsIntroduction Reference groups and the poverty line: an axiomatic approach with an empirical illustration - Satya R. Chakravarty, Nachiketa Chattopadhyay, Joseph Deutsch, Zoya Nissanov and Jacques Silber The Vulnerable Are Not (Necessarily) The Poor - Sanghamitra Bandyopadhyay Effects Of Reducing Inequality In Household Education, Health And Access To Credit On Pro-Poor Growth: Evidence From Cameroon - Boniface Ngah Epo and Francis Menjo Baye Labor Market Policies, Informal Labor Markets, And Wage Dispersion - Claudia Trentini The Formal/Informal Employment Earnings Gap: Evidence From Turkey - Aysit Tansel and Elif Oznur Acar The Role Of Minimum Wage And Income Transfer Policies On The Labour Market: The Case Of Argentina - Fernando Groisman Performance And Inequality In Health: A Comparison Of Child And Maternal Health Across Asia - Bénédicte H. Apouey and Jacques Silber Parental Incarceration And Social Exclusion: Long-Term Implications For The Health And Well-Being Of Vulnerable Children In The United States - Rosalyn D. Lee, Xiangming Fang and Feijun Luo Can a concern for status reconcile diverse social welfare programs? - Oded Stark and Marcin Jakubek How Individuals' Perceptions Of Inequality May Affect Their Perceptions Of Corruption: A Challenge To New Democracies - Matthew Loveless Tax Evasion And Underground Inequality: A Parametric Analysis - Roberto Fantozzi Macroeconomic Determinants Of Inequality Of Opportunity In The United States: 1970 2009 - Gustavo A. Marrero and Juan Gabriel Rodríguez Occupational Choice And Earnings Mobility In The Work Life Empirical Evidence From Europe And The United States - Veronika V. Eberharter Relative Income Distribution In Six European Countries - Ilaria Petrarca and Roberto Ricciuti

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Book SynopsisThe powerful theorems of welfare economics operate under a range of assumptions. Two of the most significant are the existence of competitive markets for all goods and services - including futures markets - and the unbounded rationality of all economic agents who act independently to maximize payoffs. In the contributions discussed in this research review, economists come to grips with the consequences of markets falling short of assumptions, as well as the response of institutions to observed market characteristics. This comprehensive study will be of interest to economists and policymakers who wish to understand the strengths and limitations of the market mechanism of resource allocation. Table of ContentsContents: Volume I Introduction Stephen Martin PART I PRECURSORS 1. Jacob Viner (1927), ‘Adam Smith and Laissez Faire’, Journal of Political Economy, 35 (2), April, 198–232 2. John Stuart Mill ([1909] 1976), ‘Of the Grounds and Limits of the Laisser-Faire or Non-Interference Principle’, in Principles of Political Economy: With Some of Their Applications to Social Philosophy, edited with an Introduction by Sir William Ashley, 2nd edn, Book V, Chapter XI, Fairfield, NJ, USA: Augustus M. Kelley Publishers, 941–79, appendices 3. J. E. Cairnes (1873), ‘Political Economy and Laissez-Faire’, in Essays in Political Economy: Theoretical and Applied, Chapter VII, London, UK: Macmillan and Co., 232–64 4. Henry Sidgwick ([1901] 1969), ‘The System of Natural Liberty Considered in Relation to Production’ and ‘The Relations of Government to Industry’, in The Principles of Political Economy, 3rd edn, Book III, Chapter II and Chapter III, London, UK and New York, NY, USA: Macmillan and Co., 399–436 5. A. C. Pigou (1920), ‘Divergences between Marginal Social Net Product and Marginal Trade Net Product’, in The Economics of Welfare, Part II, Chapter VI, London, UK: Macmillan and Co., 149–79 6. John Maynard Keynes ([1931] 1972), ‘The End of Laissez-Faire’, in The Collected Writings of John Maynard Keynes: Volume IX, Essays in Persuasion, Part IV, Chapter 2, London and Basingstoke, UK: Macmillan St. Martin’s Press for the Royal Economic Society, 272–94 7. Howard S. Ellis and William Fellner (1943), ‘External Economies and Diseconomies’, American Economic Review, XXXIII (3), September, 493–511 8. Lionel Robbins ([1952] 1965), 'The Economic Functions of the State', in The Theory of Economic Policy in English Classical Political Economy, reprint edn, Lecture II, London, UK: Macmillan and Co., 34–67 9. E. J. Mishan (1971), ‘The Postwar Literature on Externalities: An Interpretive Essay’, Journal of Economic Literature, 9 (1), March, 1–28 [28] PART II IDEAL MARKETS 10. Kenneth J. Arrow (1974), ‘General Economic Equilibrium: Purpose, Analytic Techniques, Collective Choice’, American Economic Review, 64 (3), June, 253–72 11. Alan Kirman (2011), ‘Introduction’, in Complex Economics: Individual and Collective Rationality, Chapter 1, Abingdon, UK and New York, NY, USA: Routledge, 1–34, references PART III MARKET FAILURE 12. Francis M. Bator (1958), ‘The Anatomy of Market Failure’, Quarterly Journal of Economics, 72 (3), August, 351–79 13. Kenneth J. Arrow (1969), ‘The Organization of Economic Activity: Issues Pertinent to the Choice of Market versus Nonmarket Allocation’, in The Analysis and Evaluation of Public Expenditures: The PBB System: A Compendium of Papers Submitted to the Subcommittee on Economy in Government of the Joint Economic Committee, Congress of the United States, Volume I, 91st Congress: 1st Session, Washington, DC, USA: United States Government Printing Office, 47–64 14. David M. Newbery (1989), ‘Missing Markets: Consequences and Remedies’, in Frank Hahn (ed.), The Economics of Missing Markets, Information, and Games, Part III, Chapter 10, New York, NY, USA: Oxford University Press, 211–42 PART IV SOURCES OF MARKET FAILURE A. Externalities 15. R. H. Coase (1960), ‘The Problem of Social Cost’, Journal of Law and Economics, III, October, 1–44 16. Deirdre McCloskey (1998), ‘The So-Called Coase Theorem’, Eastern Economic Journal, 24 (3), Summer, 367–71 17. Robert Cooter (1982), ‘The Cost of Coase’, Journal of Legal Studies, XI (1), January, 1–33 18. James M. Buchanan (1986), ‘Rights, Efficiency, and Exchange: The Irrelevance of Transactions Cost’, in Liberty, Market and State: Political Economy in the 1980s, Part Two, Chapter 10, New York, NY, USA: New York University Press, 92–107 B. Fables – or Not: Bees 19. J. E. Meade (1952), ‘External Economies and Diseconomies in a Competitive Situation’, Economic Journal, 62 (245), March, 54–67 20. Steven N. S. Cheung (1973), ‘The Fable of the Bees: An Economic Investigation’, Journal of Law and Economics, 16 (1), April, 11–33 21. David B. Johnson (1973), ‘Meade, Bees, and Externalities’, Journal of Law and Economics, 16 (1), April, 35–52 C. Fables – or Not: Lighthouses 22. Paul A. Samuelson (1964), ‘Economic Role of Government’, ‘Social and Private Wants: Extreme Laissez Faire’, ‘Social Wants in Real Life’ and ‘Appendix: External Economies and Diseconomies’, in Economics: An Introductory Analysis, 6th edn, excerpts from Chapter 3, Chapter 8 and Chapter 22, New York, NY, USA: McGraw-Hill Book Company, 44–45, 157–60, 465–66 23. R. H. Coase (1974), ‘The Lighthouse in Economics’, Journal of Law and Economics, 17 (2), October, 357–76 24. David E. Van Zandt (1993), ‘The Lessons of the Lighthouse: “Government” or “Private” Provision of Goods’, Journal of Legal Studies, XXII (1), January, 47–72 25. Victor P. Goldberg (1981), ‘Pigou on Complex Contracts and Welfare Economics’, in Richard O. Zerbe, Jr. (ed.), Research in Law and Economics: Volume 3, Greenwich, CT, USA and London, UK: JAI Press, 39–51 Volume II Acknowledgements Introduction An introduction to all three volumes by the editor appears in Volume I PART I PUBLIC GOODS 1. Paul A. Samuelson (1954), ‘The Pure Theory of Public Expenditure’, Review of Economics and Statistics, 36 (4), November, 387–89 2. Paul A. Samuelson (1955), ‘Diagrammatic Exposition of a Theory of Public Expenditure’, Review of Economics and Statistics, 37 (4), November, 350–56 3. Kenneth J. Arrow and Robert C. Lind (1970), ‘Uncertainty and the Evaluation of Public Investment Decisions’, American Economic Review, 60 (3), June, 364–78 PART II INFORMATION 4. F. A. Hayek (1945), ‘The Use of Knowledge in Society’, American Economic Review, XXXV (4), September, 519–30 5. George A. Akerlof (1970), ‘The Market for “Lemons”: Quality Uncertainty and the Market Mechanism’, Quarterly Journal of Economics, 84 (3), August, 488–500 6. Kenneth J. Arrow (1974), ‘Limited Knowledge and Economic Analysis’, American Economic Review, 64 (1), March, 1–10 7. Bruce C. Greenwald and Joseph E. Stiglitz (1986), ‘Externalities in Economies with Imperfect Information and Incomplete Markets’, Quarterly Journal of Economics, 101 (2), May, 229–64 8. Joseph Farrell (1987), ‘Information and the Coase Theorem’, Journal of Economic Perspectives, 1 (2), Fall, 113–29 PART III IMPERFECT COMPETITION AND REGULATION 9. Nicholas Kaldor (1935), ‘Market Imperfection and Excess Capacity’, Economica, 2 (5), February, 33–50 10. Donald H. Wallace (1936), ‘Monopolistic Competition and Public Policy’, American Economic Review: Papers and Proceedings, 26 (1), March, 77–87 11. Michael Spence (1976), ‘Product Selection, Fixed Costs, and Monopolistic Competition’, Review of Economic Studies, 43 (2), June, 217–35 12. N. Gregory Mankiw and Michael D. Whinston (1986), ‘Free Entry and Social Inefficiency’, RAND Journal of Economics, 17 (1), Spring, 48–58 13. Tibor Scitovsky (1950), ‘Ignorance as a Source of Oligopoly Power’, American Economic Review: Papers and Proceedings, 40 (2), May, 48–53 14. Gordon Tullock (1967), ‘The Welfare Costs of Tariffs, Monopolies, and Theft’, Western Economic Journal, 5 (3), June, 224–32 15. Henry C. Simons (1936), ‘The Requisites of Free Competition’, American Economic Review: Papers and Proceedings, 26 (1), March, 68–76 16. William Mark Crain and Robert B. Ekelund, Jr. (1976), ‘Chadwick and Demsetz on Competition and Regulation’, Journal of Law and Economics, 19 (1), April, 149–62 17. Oliver E. Williamson (1976), ‘Franchise Bidding for Natural Monopolies – in General and with Respect to CATV’, Bell Journal of Economics, 7 (1), Spring, 73–104 18. Martin K. Perry (1984), ‘Scale Economies, Imperfect Competition, and Public Policy’, Journal of Industrial Economics, XXXII (3), March, 313–33 19. David E. M. Sappington and Joseph E. Stiglitz (1987), ‘Information and Regulation’, in Elizabeth E. Bailey (ed.), Public Regulation: New Perspectives on Institutions and Policies, Part I, Chapter 1, Cambridge, MA, USA and London, UK: MIT Press, 3–43 20. Joseph Stiglitz (2009), ‘Regulation and Failure’, in David Moss and John Cisternino (eds), New Perspectives on Regulation, Chapter I, Cambridge, MA, USA: The Tobin Project, 11–23 PART IV INSTANCES OF MARKET FAILURE: THE COMMONS 21. H. Scott Gordon (1954), ‘The Economic Theory of a Common-Property Resource: The Fishery’, Journal of Political Economy, 62 (2), April, 124–42 22. Mancur Olson (1965), ‘A Theory of Groups and Organizations’, in The Logic of Collective Action: Public Goods and the Theory of Groups, Chapter I, Cambridge, MA, USA and London, UK: Harvard University Press, 5–52 23. Elinor Ostrom (2000), ‘Collective Action and the Evolution of Social Norms’, Journal of Economic Perspectives, 14 (3), Summer, 137–58 PART V INSTANCES OF MARKET FAILURE: THE ENVIRONMENT 24. Allen V. Kneese and Ralph C. d’Arge (1969), ‘Pervasive External Costs and the Response of Society’, in The Analysis and Evaluation of Public Expenditures: The PPB System: A Compendium of Papers Submitted to the Subcommittee on Economy in Government of the Joint Economic Committee Congress of the United States, Volume I, 91st Congress: 1st Session, Washington, D.C., USA: United States Government Printing Office, 87–115 25. William D. Nordhaus (1973), ‘The Allocation of Energy Resources’, Brookings Papers on Economic Activity, 3, 529–76 26. Robert M. Solow (1974), ‘The Economics of Resources or the Resources of Economics’, American Economic Review: Papers and Proceedings, 64 (2), May, 1–14 27. A. Michael Spence (1974), ‘Blue Whales and Applied Control Theory’, in Hans Werner Gottinger (ed.), Systems Approaches and Environmental Problems, Göttingen, Germany: Vandenhoeck and Ruprecht, 97–127 28. Paul A. Samuelson (1976), ‘Economics of Forestry in an Evolving Society’, Economic Inquiry, XIV (4), December, 466–92 29. Martin L. Weitzman (2013), ‘Tail-Hedge Discounting and the Social Cost of Carbon’, Journal of Economic Literature, 51 (3), September, 873–82 30. Steven G. Medema (2014), ‘The Curious Treatment of the Coase Theorem in the Environmental Economics Literature, 1960–1979’, Review of Environmental Economics and Policy, 8 (1), Winter, 39–57 PART VI INSTANCES OF MARKET FAILURE: INNOVATION 31. Kenneth J. Arrow (1962), ‘Economic Welfare and the Allocation of Resources for Invention’, in Universities-National Bureau Committee for Economic Research and Committee on Economic Growth of the Social Science Research Council (eds), The Rate and Direction of Inventive Activity: Economic and Social Factors, Part VI, Princeton, NJ, USA: Princeton University Press and New York, NY, USA: National Bureau of Economic Research, 609–26 32. Robert Van Horn and Matthias Klaes (2011), ‘Chicago Neoliberalism versus Cowles Planning: Perspectives on Patents and Public Goods in Cold War Economic Thought’, Journal of the History of the Behavioral Sciences, Special Issue: The Human Sciences and Cold War America, 47 (3), Summer, 302–21 33. Stephen Martin and John T. Scott (2000), ‘The Nature of Innovation Market Failure and the Design of Public Support for Private Innovation’, Research Policy, 29 (4–5), April, 437–47 34. Bronwyn H. Hall, Albert N. Link and John T. Scott (2003), ‘Universities as Research Partners’, Review of Economics and Statistics, 85 (2), May, 485–91 PART VII INSTANCES OF MARKET FAILURE: OTHER A. Health Care 35. Kenneth J. Arrow (1963), ‘Uncertainty and the Welfare Economics of Medical Care’, American Economic Review, LIII (5), December, 941–73 B. Insurance 36. Michael Rothschild and Joseph Stiglitz (1976), ‘Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information’, Quarterly Journal of Economics, 90 (4), November, 629–49 C. Financial Markets 37. Joseph E. Stiglitz (1994), ‘The Role of the State in Financial Markets’, in Michael Bruno and Boris Pleskovic (eds), Proceedings of the World Bank Annual Conference on Development Economics 1993: Supplement to The World Bank Economic Review and The World Bank Research Observer, Washington, D.C., USA: International Bank for Reconstruction and Development and The World Bank, 19–52 38. Richard A. Posner (2009), ‘The Underlying Causes’, in A Failure of Capitalism: The Crisis of ’08 and the Descent into Depression, Chapter 3, Cambridge, MA, USA and London, UK: Harvard University Press, 75–116 Index [ILCWE: Market Failure: Volume III - Stephen Martin 29.01.2019] Contents ------------------------------------------------------------------------------------------------------------------------ Acknowledgements Introduction An introduction to all three volumes by the editor appears in Volume I PART I COPING MECHANISMS: THE FIRM [354 pp] 1. R. H. Coase (1937), ‘The Nature of the Firm’, Economica, 4 (16), November, 386–405 [20] 2. Steven N. S. Cheung (1983), ‘The Contractual Nature of the Firm’, Journal of Law and Economics, XXVI (1), April, 1–21 [21] 3. Oliver E. Williamson (1971), ‘The Vertical Integration of Production: Market Failure Considerations’, American Economic Review: Papers and Proceedings, 61 (2), May, 112–23 [12] 4. Alfred D. Chandler, Jr. (1977), ‘Introduction: The Visible Hand’, in The Visible Hand: The Managerial Revolution in American Business, Cambridge, MA, USA and London, UK: Belknap Press of Harvard University Press, 1–12, notes [12] 5. R. H. Coase (1988), ‘The Nature of the Firm: Meaning’, Journal of Law, Economics, and Organization, 4 (1), Spring, 19–32 [14] 6. Douglass C. North (1985), ‘Transaction Costs in History’, Journal of European Economic History, 14 (3), Winter, 557–76 [20] 7. Oliver E. Williamson and William G. Ouchi (1981), ‘The Markets and Hierarchies and Visible Hand Perspectives: The Markets and Hierarchies Program of Research: Origins, Implications, Prospects’, in Andrew H. Van de Ven and William F. Joyce (eds), Perspectives on Organization Design and Behavior, Part I, Chapter 8, New York, NY, USA: John Wiley and Sons, 347–70 [24] 8. John C. McManus (1975), ‘The Costs of Alternative Economic Organizations’, Canadian Journal of Economics, VIII (3), August, 334–50 [17] 9. Oliver E. Williamson (1991), ‘Comparative Economic Organization: The Analysis of Discrete Structural Alternatives’, Administrative Science Quarterly, 36 (2), June, 269–96 [28] 10. Scott E. Masten, James W. Meehan, Jr. and Edward A. Snyder (1991), ‘The Costs of Organization’, Journal of Law, Economics, and Organization, 7 (1), Spring, 1–25 [25] 11. Christos Pitelis (1995), ‘On the Nature of the Firm’, in Arjen van Witteloostuijn (ed.), Market Evolution: Competition and Cooperation, Part I, Chapter 2, Dordrecht, the Netherlands: Kluwer Academic Publishers, 11–37 [27] 12. Richard O. Zerbe, Jr. and Howard E. McCurdy (1999), ‘The Failure of Market Failure’, Journal of Policy Analysis and Management, 18 (4), Autumn, 558–78 [21] 13. Matthias Klaes (2000), ‘The History of the Concept of Transaction Costs: Neglected Aspects’, Journal of the History of Economic Thought, 22 (2), June, 191–216 [26] 14. Paul L. Joskow (1988), ‘Asset Specificity and the Structure of Vertical Relationships: Empirical Evidence’, Journal of Law, Economics, and Organization, 4 (1), Spring, 95–117 [23] 15. Steven N. S. Cheung (1969), ‘Transaction Costs, Risk Aversion, and the Choice of Contractual Arrangements’, Journal of Law and Economics, 12 (1), April, 23–42 [20] 16. G. B. Richardson (1972), ‘The Organisation of Industry’, Economic Journal, 82 (327), September, 883–96 [14] 17. Benjamin Klein, Robert G. Crawford and Armen A. Alchian (1978), ‘Vertical Integration, Appropriable Rents, and the Competitive Contracting Process’, Journal of Law and Economics, 21 (2), October, 297–326 [30] PART II COPING MECHANISMS: INSTITUTIONS [58 pp] 18. Douglass C. North and Robert Paul Thomas (1970), ‘An Economic Theory of the Growth of the Western World’, Economic History Review, XXIII (1), April, 1–17 [17] 19. Douglass C. North (1994), ‘Economic Performance Through Time’, American Economic Review, 84 (3), June, 359–68 [10] 20. Oliver E. Williamson (1975), ‘Toward a New Institutional Economics’, in Markets and Hierarchies: Analysis and Antitrust Implications: A Study in the Economics of Internal Organization, Chapter 1, New York, NY, USA: The Free Press, 1–19, references [19] 21. Oliver E. Williamson (1985), ‘Prologue’, in The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting, New York, NY, USA: The Free Press, 1–12 [12] PART III COPING MECHANISMS: PROPERTY [69 pp] 22. F. H. Knight (1924), ‘Some Fallacies in the Interpretation of Social Cost’, Quarterly Journal of Economics, 38 (4), August, 582–606 [25] 23. Armen A. Alchian (1967), ‘Pricing and Society’, Occasional Paper 17, London, UK: Institute of Economic Affairs, 5–22 [18] 24. Eirik G. Furubotn and Svetozar Pejovich (1972), ‘Property Rights and Economic Theory: A Survey of Recent Literature’, Journal of Economic Literature, 10 (4), December, 1137–62 [26] PART IV COPING MECHANISMS: THE STATE [135 pp] 25. William J. Baumol (1952), ‘Economic Theory and the Theory of the State’, in Welfare Economics and the Theory of the State, Part II, Chapter 12, Cambridge, MA, USA: Harvard University Press for the London School of Economics and Political Science, 140–56 [17] 26. George J. Stigler and Paul A. Samuelson (1968), ‘A Dialogue on the Proper Economic Role of the State’, Selected Papers No. 7, third printing, Chicago, IL, USA: University of Chicago Booth School of Business, i, 1–39 [40] 27. Joseph E. Stiglitz (1991), ‘The Economic Role of the State: Efficiency and Effectiveness’, in T. P. Hardiman and Michael Mulreany (eds), Efficiency and Effectiveness in the Public Domain, Dublin, Ireland: Institute of Public Administration, 37–59 [23] 28. Dennis C. Mueller (2003), ‘The Reason for Collective Choice – Allocative Efficiency’, in Public Choice III, Part I, Chapter 2, New York, NY, USA: Cambridge University Press, 9–43 [35] 29. Dennis C. Mueller (2003), ‘The Reason for Collective Choice – Redistribution’, in Public Choice III, Part I, Chapter 3, New York, NY, USA: Cambridge University Press, 44–63 [20] [Volume III Total: 616 pp] [Whole Collection = 92 articles = 2,019 pp]

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Book SynopsisThis important research literature review discusses some of the most prominent literature in the field of individual choice and economic welfare. It analyses material exploring how economics as a scientific enterprise may inform political decision-making. The premise is explored paradigmatically through different interpretations including utility-individualism in the context of welfare economics, preference-individualism in social choice theory, and choice-individualism in constitutional economics. The review covers the foundational literature as well as contemporary pieces, which have sparked further discussion in the field. This review will be valuable to researchers and scholars alike as well as to all those gravitating towards this fascinating topic.Table of ContentsContents: Acknowledgements Introduction Individual Choice and Social Welfare: Theoretical Foundations of Political Economy Viktor J. Vanberg PART I ECONOMICS AND POLITICS: THE ROLE OF VALUE JUDGMENTS 1. Léon Walras (1984), ‘Definitions of Political Economy’ and ‘Science, Art and Ethics Distinguished’, in Elements of Pure Economics: Or the Theory of Social Wealth, Lesson 1 and 2, Philadelphia, PA, USA: Orion Editions, 51–7, 58–64 2. Gunnar Myrdal (1953), ‘Politics and Political Economy’, in The Political Element in the Development of Economic Theory, trans. by Paul Streeten, Chapter 1, London, UK: Routledge and Kegan Paul, 1–22, references 3. Lionel Robbins (1932), ‘The Significance of Economic Science’, in An Essay on the Nature and Significance of Economic Science, Chapter VI, London, UK: Macmillan, 120–41 PART II WELFARE ECONOMICS AND SOCIAL CHOICE: FROM INDIVIDUAL UTILITIES TO SOCIAL WELFARE A. Welfare Economics: From Individual Utilities to Social Welfare 4. Jeremy Bentham ([1789] 1982), ‘On the Principle of Utility’ and ‘Value of a Lot of Pleasure or Pain, How to be Measured’, in An Introduction to the Principles of Morals and Legislation, Chapter 1 and Chapter 5, London, UK and New York, NY, USA: Methuen, 11–16, 38–41 5. John R. Hicks (1939), ‘The Foundations of Welfare Economics’, Economic Journal, 49 (196), December, 696–712 6. Paul A. Samuelson (1947), ‘Welfare Economics’, in Foundations of Economic Analysis, Chapter 8, Cambridge, MA, USA: Harvard University Press, 203–28 7. Tibor Scitovsky (1951), ‘The State of Welfare Economies’, American Economic Review, 41 (3), June, 303–15 8. Rutledge Vining (1956), ‘Questions Regarding Validity of Certain Concepts of Welfare Economics’, in Economics in the United States of America: A Review and Interpretation of Research, Paris, France: UNESCO, 34–37 9. George C. Archibald (1959), ‘Welfare Economics, Ethics, and Essentialism’, Economica, 26 (104), November, 316–27 10. James M. Buchanan (1959), ‘Positive Economics, Welfare Economics, and Political Economy’, Journal of Law and Economics, 2, October, 124–38 11. Abram Bergson (1966), ‘ On Social Welfare Once More’, in Essays in Normative Economics, Part I, Chapter 3, Cambridge, MA, USA: The Belknap Press of Harvard University Press, 51–77 12. John Rawls ([1971] 1999), ‘Classical Utilitarianism’ and ‘Some Related Contrasts’, in A Theory of Justice: Revised Edition, Chapter 1, Sections 5 and 6, Cambridge, MA, USA: The Belknap Press of Harvard University Press, 19–30 13. Lionel Robbins (1981), ‘Economics and Political Economy’, American Economic Review: Papers and Proceedings, 71 (2), May, 1–10 14. John C. Harsanyi (1988), ‘Assessing Other People’s Utilities’, in Bertrand R. Munier (ed.) Risk, Decision and Rationality, Dordrecht, Holland: D. Reidel Publishing Company, 127–38 15. Anthony B. Atkinson (2011), ‘The Restoration of Welfare Economics’, American Economic Review: Papers and Proceedings, 101 (3), May, 157–61 16. Viktor J. Vanberg (2014), ‘Evolving Preferences and Welfare Economics: The Perspective of Constitutional Political Economy’, Jahrbücher für Nationalökonomie und Statistik, 234 (2–3), April, 328–49 B. Social Choice Theory: From Individual Preferences to Social Orderings 17. Kenneth J. Arrow (1950), ‘A Difficulty in the Concept of Social Welfare’, Journal of Political Economy, 58 (4), August, 328–46 18. I.M.D. Little (1952), ‘Social Choice and Individual Values’, Journal of Political Economy, 60 (5), October, 422–32 19. James M. Buchanan (1954), ‘Social Choice, Democracy, and Free Markets’, Journal of Political Economy, 62 (2), April, 114–23 20. Kenneth J. Arrow (1969), ‘Values and Collective Decision-Making’, in Peter Laslett and W.G. Runciman (eds), Philosophy, Politics and Society: Third Series, Oxford, UK: Basil Blackwell, 215–32 21. Amartya Sen (1995), ‘Rationality and Social Choice’, American Economic Review, 85 (1), March, 1–24 22. Amartya Sen (1997), ‘Individual Preference as the Basis of Social Choice’, in Kenneth J. Arrow, Amartya Sen and Kotaro Suzumura (eds.), Social Choice Re-examined, Volume 1: Proceedings of the IEA Conference Held at Schloss Hernstein, Berndorf, near Vienna, Austria, London, UK: Palgrave Macmillan, 15–37 23. Kotaro Suzumura (2002), ‘Introduction to Social Choice and Welfare’, Banca D’Italia Temi Di Discussion Del Servizio Studi, 422, March, 1–45 PART III CONTRACTARIAN-CONSTITUTIONALIST ECONOMICS A. Contractarianism: Agreement and Legitimacy 24. Knut Wicksell (1958) ‘A New Principle of Just Taxation’, in Richard A. Musgrave and Alan T. Peacock (eds), Classics in the Theory of Public Finance, London, UK: Palgrave Macmillan, 72–118 25. John Rawls (1957), ‘I. Justice as Fairness’, Journal of Philosophy, 54 (22), October, 653–62 26. James M. Buchanan (1964), ‘What Should Economists Do?’, Southern Economic Journal, 30 (3), January, 213–22 27. John Rawls (1999), ‘The Main Ideas of the Theory of Justice’, in A Theory of Justice: Revised Edition, Chapter 1, Section 3, Cambridge, MA, USA: The Belknap Press of Harvard University Press, 10–15 28. James M. Buchanan (1977), ‘Notes on Justice in Contract ’, in Freedom in Constitutional Contract: Perspectives of a Political Economist, College Station, TX, USA: Texas A&M University Press, 123–34 29. Geoffrey Brennan and James M. Buchanan (1985), ‘The Contractarian Vision’, in The Reasons of Rules: Constitutional Political Economy, Chapter 2, Cambridge, UK: Cambridge University Press, 19–32 30. Russell Hardin (1988), ‘Review Article: Constitutional Political Economy: Agreement on Rules’, British Journal of Political Science, 18 (4), October, 513–30 31. Viktor J. Vanberg (1994), ‘Individual Choice and Institutional Constraints: The Normative Element in Classical and Contractarian Liberalism’, in Rules and Choice in Economics, Part VI, Chapter 13, London, UK and New York, NY, USA: Routledge, 208–34, references 32. Georg Vanberg and Viktor Vanberg (2017), ‘Contractarian Perspectives in Law and Economics’, in Francesco Parisi (ed.), ‘The Oxford Handbook of Law and Economics: Volume 1, Methodology and Concepts’, Oxford, UK and New York, NY, USA: Oxford University Press, 246–67 B. Constitutionalism: Rules as Objects of Choice 33. Friedrich A. Hayek (1960), ‘Economic Policy and the Rule of Law’, in The Constitution of Liberty, Chapter 15, Chicago, IL, USA: University of Chicago Press, 220–33, references 34. James M. Buchanan and Gordon Tullock (1962), ‘A Generalized Economic Theory of Constitutions’, in The Calculus of Consent: Logical Foundations of Constitutional Democracy, Part II, Chapter 6, Ann Arbor: MI, USA: University of Michigan Press, 63–84, references 35. Franz Böhm (1989),’Rule of Law in a Market Economy’, in Alan T. Peacock and Hans Willgerodt (eds), Germany’s Social Market Economy: Origins and Evolution, New York, NY, USA: St. Martin’s Press, 46–67 36. Gilbert W. Nutter (1968), ‘Economic Welfare and Welfare Economics’, Journal of Economic Issues, 2 (2), 166–72 37. Rutledge Vining (1984), ‘Three Main Concepts That Inhere In The Circumstances Cited’ and ‘Concluding Remarks upon What an Economic System is, and the Problem of Specifying Norms of the Outcome of its Working’, in On Appraising the Performance of an Economic System, Chapter 1 and Chapter 6, Cambridge, UK: Cambridge University Press, 3–33, 170–81, references 38. James M. Buchanan (1987), ‘The Constitution of Economic Policy’, American Economic Review, 77 (3), June, 243–50 39. Helmut Leipold (1990), ‘Neoliberal Ordnungstheorie and Constitutional Economics: A Comparison between Eucken and Buchanan’, Constitutional Political Economy, 1 (1), December, 47–65 40. James M. Buchanan (1995), ‘Individual Rights, Emergent Social States, and Behavioural Feasibility’, Rationality and Society, 7 (2), April, 141–50 41. Viktor J. Vanberg (2005), ‘Market and State: The Perspective of Constitutional Political Economy’, Journal of Institutional Economics, 1 (1), June, 23–49 Index

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Book SynopsisThe modern welfare state finds itself in the middle of two major upheavals: the impact of technology and immigration. Having taken in more refugees per capita than most other countries, the pillars of the Swedish welfare state are being shaken, and digital technologies are set to strengthen already existing trends towards job and wage polarization. The development of skills to keep pace with technology will enter into a critical period for the labor market in which inadequate policy responses could result in further inequality and polarization. In this regard, a platform-based labor market could help by opening up a vast range of new work opportunities. Marten Blix examines the implications of these trends that drive change in developed economies and, in particular, the impact that they have on Sweden and other European countries with rigid labor markets and comprehensive tax-financed welfare services. Increasing costs from immigration and rising inequality could further reduce the willingness to pay high taxes and erode support for redistribution. Failure to address challenges like this one could herald much more drastic changes down the road. There are already signs of economic and political tensions and there is a risk that the social contract could crack. This new discussion on the future of work and the welfare state will be of interest not only to scholars but in policy circles and corresponding societies in sociology, labor relations, political science and public administration.Trade Review'The famous Swedish Model of the welfare state is at a turning point as the pressures of technological change, income inequality and high levels of immigration meet the constraints of the country's inflexible labour and housing markets. Marten Blix argues in this incisive book that with its sound public finances and high levels of trust, Sweden is well placed to respond to the pressures, and he describes a route through these challenges; but it will require some profound institutional changes. The Swedish Model of the future will have to look very different if it is to succeed.' --Diane Coyle, University of Manchester, UK'Using the economic and social laboratory of Sweden, Mårten Blix provides a fascinating window into the future of the welfare state with the threats and opportunities from a massive increase in immigration and rapid digitilisation of the economy. The Swedish Model's core features of collective bargaining, broad unionisation and a strong fiscal base are eroding, increasing inequality and challenging the legitimacy of the political consensus to date. His interesting observations and balanced analysis of the growing importance of platform-based jobs and life-long learning have implications much beyond Sweden.' --Erik Berglöf, London School of Economics, UK'While the treatment of a Citizen's Income is inadequate, this is a most useful book and particularly useful is its focus on Sweden.' --Citizen's IncomeTable of ContentsContents: Preface 1. A Perfect Storm 2. The Welfare State in Transition 3. The Labor Market in Transition 4. Digitalization Changing the Economy and the Labor Market 5. Fiscal Pressures from Digitalization and Immigration 6. Immigration, Inequality and Skills in the Digital Economy 7. Future Challenges for the Welfare State Index

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Book SynopsisThis impressive research collection discusses the most important contributions by some of the leading scholars in the field of poverty measurement. It analyses what constitutes poverty and associated poverty measures, as well as conceptual and empirical approaches to set poverty lines for both national and international settings. The research collection also discusses national and international income poverty measures, multidimensional poverty indices, and ways to capture poverty dynamics.Trade Review‘This collection of landmark works on the concepts and methods for measuring poverty will be highly valuable to students and scholars in the field. Augmented by an original introduction by S. Klasen, a most prominent contributor to the analysis of poverty, it provides an illuminating synthesis that will remain a key resource for years.’ -- Marc Fleurbaey, Princeton University, USTable of ContentsContents: Acknowledgements Introduction Stephan Klasen PART I CONCEPTUAL APPROACHES IN A SINGLE DIMENSION 1. Buhong Zheng (1993), ‘An Axiomatic Characterization of the Watts Poverty Index’, Economic Letters, 42 (1), 81–86 2. Amartya Sen (1976), ‘Poverty: An Ordinal Approach to Measurement’, Econometrica, 44 (2), March, 219–31 3. James Foster, Joel Greer and Erik Thorbecke (1984), ‘Notes and Comments: A Class of Decomposable Poverty Measures’, Econometrica, 52 (3), May, 761–66 4. A.B. Atkinson (1970), ‘On the Measurement of Poverty’, Econometrica, 55 (4), July, 749–64 5. Amartya Sen (1983), ‘Poor, Relatively Speaking’, Oxford Economic Papers, 35 (2), 153–69 [17] 6. Peter Townsend (1985), ‘A Sociological Approach to the Measurement of Poverty–A Rejoinder to Professor Amartya Sen’, Oxford Economic Papers, 37 (4), December, 659–68 7. Amartya Sen (1985), ‘A Sociological Approach to the Measurement of Poverty: A Reply to Peter Townsend', Oxford Economic Papers, 37 (4), December, 669–76 8. Lawrence Haddad and Ravi Kanbur (1990), ‘How Serious is the Neglect of Intra–Household Inequality?’, Economic Journal, 100 (402), September, 866–81 PART II EMPIRICAL APPROACHES TO NATIONAL INCOME POVERTY MEASUREMENT 9. Mollie Orshansky (1965), ‘Counting the Poor: Another Look at the Poverty Profile’, Social Security Bulletin, 28 (1), January, 3–29 10. Joel Greer and Erik Thorbecke (1986), ‘A Methodology for Measuring Food Poverty Applied to Kenya’, Journal of Development Economics, 24 (1), November, 59–74 11. Martin Ravallion and Benu Bidani (1994), ‘How Robust is a Poverty Profile’, World Bank Economic Review, 8 (1), January, 75–102 12. Martin Ravallion and Binayak Sen (1996), ‘When Method Matters: Monitoring Poverty in Bangladesh,’ Economic Development and Cultural Change, 44 (4), July, 761–92 13. Victor R. Fuchs (1967), ‘Redefining Poverty and Redistributing Income’, Public Interest, 8, Summer, 88–95 14. Arie Kapetyn, Peter Kooreman and Rob Willemse (1988), ‘Some Methodological Issues in the Implementation of Subjective Poverty Definitions’, Journal of Human Resources, 23 (2), Spring, 222–42 15. Menno Pradhan and Martin Ravallion (2000), ‘Measuring Poverty Using Qualitative Perceptions of Consumption Adequacy’, Review of Economics and Statistics, 82 (3), August, 462–71 16. Brigitte Buhmann, Lee Rainwater, Guenther Schmaus and Timothy M. Smeeding (1988), ‘Equivalence Scales, Well-being, Inequality and Poverty: Sensitivity Estimates Across Ten Countries Using the Luxembourg Income Study (LIS) Database’, Review of Income and Wealth, 34 (2), 115–42 17. Jean Drèze and P.V. Srinivasan (1997), ‘Widowhood and Poverty in Rural India: Some Inferences From Household Survey Data’, Journal of Development Economics, 54 (2), December, 217–34 18. Daniel T. Slesnick (1993), ‘Gaining Ground: Poverty in the Postwar United States’, Journal of Political Economy, 101 (1), February, 1–38 PART III EMPIRICAL APPROACHES TO INTERNATIONAL INCOME POVERTY MEASUREMENT 19. Montek S. Ahluwalia, Nicholas G. Carter and Hollis B. Chenery (1979), ‘Growth and Poverty in Developing Countries’, Journal of Development Economics, 6 (3), 299–341 20. Martin Ravallion, Gaurav Datt and Dominique van de Walle (1991), Quantifying Absolute Poverty in the Developing World', Review of Income and Wealth, 37 (4), December, 21. Shaohua Chen and Martin Ravallion (2001), ‘How did the World’s Poorest Fare in the 1900s?’, Review of Income and Wealth, 47 (3), September, 283–300 22. Shaohua Chen and Martin Ravallion (2010), ‘The Developing World is Poorer than we Thought, but no Less Successful in the Fight Against Poverty’, Quarterly Journal of Economics, 125 (4), November, 1577–625 23. Angus Deaton (2010), ‘Price Indexes, Inequality and the Measurement of World Poverty’, American Economic Review, 100 (1), March, 5–34 24. Francisco H.G. Ferreira, Shaohua Chen, Andrew Dabalen, Yuri Dikhanov, Nada Hamadeh, Dean Jolliffe, Ambar Narayan, Espen Beer Prydz, Ana Revenga, Prem Sangraula, Umar Serajuddin and Nobuo Yoshida (2016), ‘A Global Count of the Extreme Poor in 2012: Data Issues, Methdology and Initial Results’, Journal of Economic Inequality, 14 (2), June, 141–72 25. Stephan Klasen, Tatyana Krivobokova, Friederike Greb, Rahul Lahoti, Syamsul Hidayat Pasaribu and Manuel Wisenfarth (2016),‘International Income Poverty Measurement: Which Way Now?’, Journal of Economic Inequality, 14 (2), June, 199–225 26. Sanjay Reddy and Rahul Lahoti (2016), ‘$1.90 a Day: What Does it Say? The New International Poverty Line’, New Left Review, 97, January–February, 106–27 27. Martin Ravallion and Shaohua Chen (2011) ‘Weakly Relative Poverty’, Review of Economics and Statistics, 93 (4), November, 1251–261 28. Martin Ravallion (2016), ‘Toward Better Global Poverty Measures’, Journal of Economic Inequality, 14 (2), June, 227–48 PART IV CONCEPTUAL APPROACHES TO MULTIDIMENSIONAL POVERTY MEASUREMENT 29. François Bourguignon and Sayta R. Chakravarty (2003), ‘The Measurement of Multidimensional Poverty’, Journal of Economic Inequality, 1 (1), April, 25–49 30. Satya R. Chakravarty and Conchita D’Ambrosio (2006), ‘The Measurement of Social Exclusion’, Review of Income and Wealth, 52 (3), September, 377–98 31. D. Jayaraj and S. Subramanian (2010), ‘A. Chakravarty – D’Ambrosio View of Multidimensional Deprivation: Some Estimates for India’, Economic and Political Weekly, XLX (6), February, 53–65 32. Sabina Alkire and James Foster (2011), ‘Counting and Multidimensional Poverty Measurement’, Journal of Public Economics, 95 (7–8), August, 476–87 33. Jean-Yves Duclos, David E. Sahn and Stephen D. Younger (2006) ‘Robust Multidimensional Poverty Comparisons’, Economic Journal, 116 (514), October, 943–68 PART V EMPIRICAL APPROACHES TO MULTIDIMENSIONAL POVERTY MEASUREMENT 34. Stephan Klasen (2000), ‘Measuring Poverty and Deprivation in South Africa’, Review of Income and Wealth, 46 (1), March, 33–58 35. Sabine Alkire and Maria Emma Santos (2014), ‘Measuring Acute Poverty in the Developing World: Robustness and Scope of the Multidimensional Poverty Index’, World Development, 59, July, 251–74 36. Martin Ravallion (2011) ‘On Multidimensional Indices of Poverty’, Journal of Economic Inequality, 9 (2), March, 235–48 37. Nicole Rippin (2016), ‘Multidimensional Poverty in Germany: A Capability Approach’, Forum for Social Economics, 45 (2–3), 230–55 PART VI POVERTY DYNAMICS: CHRONIC AND TRANSITIONAL POVERTY, VULNERABILITY 38. Jyotsna Jalan and Martin Ravallion (1998), ‘Transient Poverty in Postreform Rural China’, Journal of Comparative Economics, 26 (2), June, 338–57 39. Ethan Ligon and Laura Schechter (2003), ‘Measuring Vunerability’, Economic Journal’, 113 (486), March, C95–C102 40. Felix Povel (2015), ‘Measuring Exposure to Downside Risk with an Application to Thailand and Vietnam’, World Development, 71, July, 4–24 41. Walter Bossert, Satya Chakravarty and Conchita D’ Ambrosio (2012), ‘Poverty and Time’, Journal of Economic Inequality, 10 (2), June, 145–62 Index

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