Thus social insurance, in sharp contrast with actuarial ins… - Nicholas Barr

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Thus social insurance, in sharp contrast with actuarial insurance, can cover not only risk but also uncertainty.

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

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A reduction in the liberty of the least well off cannot be justified even if it is to their economic advantage.

The European Commission uses an explicit relative poverty line of 60 per cent of national average income.

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

Thus social insurance, in sharp contrast with actuarial insurance, can cover not only risk but also uncertainty. - Nicholas Barr

About Nicholas Barr

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