the impact of globalization on welfare expenditures
... Globalization has forced states to roll back social insurance benefits and implement efficiencyoriented reforms for social services. If the government does not interfere, the market will select the most efficient institutional solutions. In particular expansion in trade and capital mobility in the g ...
... Globalization has forced states to roll back social insurance benefits and implement efficiencyoriented reforms for social services. If the government does not interfere, the market will select the most efficient institutional solutions. In particular expansion in trade and capital mobility in the g ...
Mobilization of Bias
... economy is shelved when capitalism is in jeopardy 0 Stiglitz: socialism for the rich, losses socialized and profits privatized 0 Key question: whether enormous sums government provided to shore up financial system are followed by substantial reforms that minimize chance of similar crisis occurring a ...
... economy is shelved when capitalism is in jeopardy 0 Stiglitz: socialism for the rich, losses socialized and profits privatized 0 Key question: whether enormous sums government provided to shore up financial system are followed by substantial reforms that minimize chance of similar crisis occurring a ...
Demand-side/Supply-side
... Argued that one way to deal with unemployment and unequal distribution of income was to raise and lower levels of taxation and government spending Keynesian economics became the rationale for economic policies after 1964 in Western Europe and North America. It led to the further development of mi ...
... Argued that one way to deal with unemployment and unequal distribution of income was to raise and lower levels of taxation and government spending Keynesian economics became the rationale for economic policies after 1964 in Western Europe and North America. It led to the further development of mi ...
When the manuscript for The Political Economy of the Welfare State
... is that the power of capital has been enhanced, and the needs of capital reasserted over the needs of people (Gough 2000, ch1). Following from this, and contributing to it, is the decline of working class organizations and power in the West. The sudden collapse of the communist block, massive deindu ...
... is that the power of capital has been enhanced, and the needs of capital reasserted over the needs of people (Gough 2000, ch1). Following from this, and contributing to it, is the decline of working class organizations and power in the West. The sudden collapse of the communist block, massive deindu ...
Week 3 Lecture Capitalism and Corporations
... of others, calls to us…that we are but one of the multitude, in no respect better than any other in it; and that when we prefer ourselves so shamefully and so blindly to others, we become the proper objects of resentment, abhorrence, and execration.” ...
... of others, calls to us…that we are but one of the multitude, in no respect better than any other in it; and that when we prefer ourselves so shamefully and so blindly to others, we become the proper objects of resentment, abhorrence, and execration.” ...
MAMMON.ECONOMICS.NOTES.2010
... intend only their own gain, and they are in this, as in many other cases, led by an invisible hand to promote an end which was no part of their intention. Nor is it always the worse for the society that it was no part of it. By pursuing their own interest they frequently promote that of the society ...
... intend only their own gain, and they are in this, as in many other cases, led by an invisible hand to promote an end which was no part of their intention. Nor is it always the worse for the society that it was no part of it. By pursuing their own interest they frequently promote that of the society ...
Lecture #2: The Welfare State
... -- In a market economy, citizens (and their labor) are commodified. Given that labor is a citizen's primary commodity in the market, de-commodification refers to activities and efforts (generally by the government) that reduces citizen's reliance on the market (and their labor) ...
... -- In a market economy, citizens (and their labor) are commodified. Given that labor is a citizen's primary commodity in the market, de-commodification refers to activities and efforts (generally by the government) that reduces citizen's reliance on the market (and their labor) ...
File
... •The capacity comes from the government control of the budget; the responsibility derives form the imperative of maintaining social order. •Under conditions of large-scale unemployment, Keynes argued, there is no barrier to the increased supply of goods; equally so, there is a ‘notational’ demand o ...
... •The capacity comes from the government control of the budget; the responsibility derives form the imperative of maintaining social order. •Under conditions of large-scale unemployment, Keynes argued, there is no barrier to the increased supply of goods; equally so, there is a ‘notational’ demand o ...
the american economy
... are a non-excludable good, in that non-payers can't be prevented from enjoying them. Other examples of non-excludable goods are national defense, fireworks, and lighthouses. Private firms tend to under produce non-excludable goods because customers have little incentive to pay for them. Public goods ...
... are a non-excludable good, in that non-payers can't be prevented from enjoying them. Other examples of non-excludable goods are national defense, fireworks, and lighthouses. Private firms tend to under produce non-excludable goods because customers have little incentive to pay for them. Public goods ...
Regimes in rich democracies
... their taxes, and they can afford to purchase privately (through the market) a level of services that fits their income ...
... their taxes, and they can afford to purchase privately (through the market) a level of services that fits their income ...
Current IR Philosophy and Practices
... communication, grievance handling missionary and speedy conflict resolution Appeasement comes with a long-term price and hence not the best way Sometimes the cause of a dispute, is at management end itself, due to style, implementation issues, etc. Communication on a continuous basis is a must ...
... communication, grievance handling missionary and speedy conflict resolution Appeasement comes with a long-term price and hence not the best way Sometimes the cause of a dispute, is at management end itself, due to style, implementation issues, etc. Communication on a continuous basis is a must ...
efficiency
... The approach taken here (and not the only one possible), is to use the devices of Producer and Consumer Surplus. The social welfare from the production and consumption of a particular amount of a good is assumed to be the sum of the producer and consumer surplus. Welfare economics ...
... The approach taken here (and not the only one possible), is to use the devices of Producer and Consumer Surplus. The social welfare from the production and consumption of a particular amount of a good is assumed to be the sum of the producer and consumer surplus. Welfare economics ...
Principles of Capitalism
... The core common features (production for profit & wage labor) are visible in every capitalist economy. But there are important differences between versions or “models” of capitalism. ...
... The core common features (production for profit & wage labor) are visible in every capitalist economy. But there are important differences between versions or “models” of capitalism. ...
FINAL STUDY GUIDE PS147
... Dani Rodrik- the challenges of free trade: free trade creates winners and losers, and losers may organize to stop trade openness o Protect losers from blocking free trade by taking care of them through the welfare state (generous unemployment insurance…early retirement policies) Big government can s ...
... Dani Rodrik- the challenges of free trade: free trade creates winners and losers, and losers may organize to stop trade openness o Protect losers from blocking free trade by taking care of them through the welfare state (generous unemployment insurance…early retirement policies) Big government can s ...
Progressive Era Notes
... The robber barons held down wages, and millions of factory workers lived in squalor. Moderates thought capitalism needed to be fixed, and socialists and Marxists thought it should be overthrown. In American most progressives wanted reform while preserving democracy and capitalism. They did not seek ...
... The robber barons held down wages, and millions of factory workers lived in squalor. Moderates thought capitalism needed to be fixed, and socialists and Marxists thought it should be overthrown. In American most progressives wanted reform while preserving democracy and capitalism. They did not seek ...
2. The Liberal Response to Classical Liberalism - ARipkens30-1
... • The move from welfare capitalism to the welfare state was motivated by the Great Depression. • The problems that arose during this period made it obvious that the existing political, economic and social order had failed. • What began to emerge was as we know it today. ...
... • The move from welfare capitalism to the welfare state was motivated by the Great Depression. • The problems that arose during this period made it obvious that the existing political, economic and social order had failed. • What began to emerge was as we know it today. ...
2. The Liberal Response to Classical Liberalism
... • The move from welfare capitalism to the welfare state was motivated by the Great Depression. • The problems that arose during this period made it obvious that the existing political, economic and social order had failed. • What began to emerge was as we know it today. ...
... • The move from welfare capitalism to the welfare state was motivated by the Great Depression. • The problems that arose during this period made it obvious that the existing political, economic and social order had failed. • What began to emerge was as we know it today. ...
Social Democracy and the Economy
... low inflation, satisfactory rate of “green” economic growth, high foreign exchange reserves, good physical infrastructure, high quality human resources & workforce ...
... low inflation, satisfactory rate of “green” economic growth, high foreign exchange reserves, good physical infrastructure, high quality human resources & workforce ...
Discussant - Future of Children
... • The different types of social welfare functions are incomplete. Discussion incomplete on implications – such as using welfare weights to aggregate the costs and benefits discussion in section I. • The population section is a nice addition (though perhaps not for the readers of the special issue). ...
... • The different types of social welfare functions are incomplete. Discussion incomplete on implications – such as using welfare weights to aggregate the costs and benefits discussion in section I. • The population section is a nice addition (though perhaps not for the readers of the special issue). ...
Lecture 22: GOOD GOVERNMENT
... Which country has more efficient markets ? Which country has greater equity ? Which has higher GDP or GDP growth ? ...
... Which country has more efficient markets ? Which country has greater equity ? Which has higher GDP or GDP growth ? ...
Welfare capitalism: the Swedish economy 1850-2005
... interaction between the state, trade unions, suppliers of finance and other actors) – Germany, Japan, Switzerland, the Netherlands, Belgium, the Nordic countries and Austria • Liberal market economies – USA, Britain, Austrialia, Canada, New Zealand and Ireland • Some OECD-countries in between – Fran ...
... interaction between the state, trade unions, suppliers of finance and other actors) – Germany, Japan, Switzerland, the Netherlands, Belgium, the Nordic countries and Austria • Liberal market economies – USA, Britain, Austrialia, Canada, New Zealand and Ireland • Some OECD-countries in between – Fran ...
American Political Economy
... 0 Government regulation of workplace thin 0 Lowest proportion of unionized employees of any industrialized democracy 0 Helps account for income inequality 0 Caused by: failure to unionize in South; restrictive labor ...
... 0 Government regulation of workplace thin 0 Lowest proportion of unionized employees of any industrialized democracy 0 Helps account for income inequality 0 Caused by: failure to unionize in South; restrictive labor ...
Introduction Europe’s Crisis and the Welfare State Michael Tanner
... truly reduced spending, or reformed the structural problems of their welfare states. Much of what is labeled austerity has actually been tax hikes, which slowed economic growth and made the problem worse. Salin argues that much of the debate over European reaction to the crisis has been stuck betwee ...
... truly reduced spending, or reformed the structural problems of their welfare states. Much of what is labeled austerity has actually been tax hikes, which slowed economic growth and made the problem worse. Salin argues that much of the debate over European reaction to the crisis has been stuck betwee ...
View the essay (word doc)
... interest and is ignorant of problems that could be solved and resources that could be saved if the community worked together. And businesses act more in the interest of profits rather than the interests of society. Car companies are aware that their products cause pollution and would be largely unne ...
... interest and is ignorant of problems that could be solved and resources that could be saved if the community worked together. And businesses act more in the interest of profits rather than the interests of society. Car companies are aware that their products cause pollution and would be largely unne ...