The welfare state may thus face a wave of hostile public opinion and as a result may well pass through a difficult phase, with the need for consolida… - Albert O. Hirschman

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The welfare state may thus face a wave of hostile public opinion and as a result may well pass through a difficult phase, with the need for consolidation and even retrenchment. However, if the reasons suggested here for the change in the climate of opinion are correct, the trouble could be temporary.

English
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About Albert O. Hirschman

Albert Otto Hirschman (born Otto-Albert Hirschmann; April 7, 1915 – December 10, 2012) was an economist.

Also Known As

Pen Names: Albert Hermant
Birth Name: Otto-Albert Hirschmann
Native Name: Albert Otto Hirschman
Alternative Names: Albert Hirschman
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Additional quotes by Albert O. Hirschman

At this point, then, a junction is effected between the previously developed train of thought on countervailing passions and the doctrine of interest. Both doctrines originated in Machiavelli; yet the final outcome—the promotion of avarice to the position of the privileged passion given the job of taming the wild ones and of making in this fashion a crucial contribution to statecraft—would have greatly surprised and outraged him.

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