The economics of the welfare state
"What is the true purpose of welfare state? Whom does it seek to support and why? What are its implications for governments and policy makers in an uncertain economic landscape? The fifth edition of this successful textbook tackles these key questions by arguing that the welfare state is not only a means to support the underprivileged, but rather a necessary system to secure economic efficiency in areas where private markets would be inefficient or could not exist at all. Divided into four parts, Economics of the Welfare State focusses upong the fundamentals of the welfare system, including cash benefits, the health service, and education. Rather than simply addressing general public economics, the text fully explores issues such as pensions and poverty relief, making this a unique and invaluable resource for students of public sector economics. With emphasis on UK and European welfare systems, the text allows students to see the direct relevance of their learning in a real-world setting, while a wealth of international examples widen students' understanding of its application in a global context."--Back cover
Print Book, English, ©2012
Oxford University Press, Oxford, ©2012