We need a welfare state of some sort for efficiency reasons… - Nicholas Barr

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We need a welfare state of some sort for efficiency reasons, and would continue to do so even if all distributional problems were solved.

Nicholas Barr

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About Nicholas Barr

Nicholas Barr FRSA is a British economist, currently serving as professor of public economics at the London School of Economics (LSE). He received his Ph.D. in Economics as a Fulbright Scholar from the University of California and his MSc in Economics from LSE.

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Originators like Nicholas Barr:

Milton Friedman Harvey S. Rosen John Komlos Kenneth Arrow Joseph E. Stiglitz

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Efficiency advantages and disadvantages are more finely balanced than with health care - one person's 'sign of a civilized society' is another's 'society is going to the dogs'.

Unless the countries of East Asia are very different, rising incomes and the weakening of extended family ties will lead to demands for rising social expenditure.

It is argued that regulators are frequently captured by those whom they are supposed to regulate.

We need a welfare state of some sort for efficiency reasons, and would continue to do so even if all distributional problems were solved. - Nicholas Barr

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