Description
Book SynopsisThe sixth edition of this successful textbook discusses elements of the welfare system, including cash benefits, the health service and education. The text argues that the welfare state does not exist just to help the underprivileged, but also offers efficiencies in areas where the private markets would be inefficient or would not exist at all.Suitable for both economics students and students on related disciplines, this book places the content within a theoretical framework, and uses learning features to engage students with the discussion. Each chapter is concluded with a summary of the key points and an appendix, which provides a non-technical summary for students with no previous exposure to economics. Worked examples from around the world facilitate the comparison of global welfare issues, while diagrams allow readers to visualize concepts. The author ends each chapter with ''questions for further discussion'' which could be prepared to structure seminars or to independently test
Table of ContentsPart 1: Concepts 1: Introduction 2: Political theory: Social justice and the state 3: Economic theory 1: State intervention 4: Economic theory 2: Insurance 5: Distribution: Welfare, poverty, and inequality Part 2: Cash Benefits 6: Insurance: Unemployment, sickness, and disability 7: Consumption smoothing: Old-age pensions 8: Poverty relief Part 3: Benefits in Kind 9: Health and health care 10: School education 11: Tertiary education Part 4: Epilogue 12: Conclusion: Looking to the future
