When this book was first published in 1987 it was widely recognised as a comprehensive and definitive text on the economics of the welfare state - its efficiency, its fairness and its relevance to the whole population, not just to the poor. Although written specifically for students of economics, a diverse readership, including students of social administration and public policy, has been kept in mind throughout. Each of the technical chapters has an appendix which explains the results in non-technical terms. Nicholas Barr has included a number of new- largely forward-looking - topics in this latest edition: longer-term insurance to cover disability and residential care in old age; the impact of genetic screening on medical insurance and life insurance; challenges to the welfare state, including demographic change, globalization, changes in family structure, and changes in the structure of jobs; and debates about the welfare state - is it desirable; and , if desirable, is it any longer feasible, given demographic and other challenges? The Economics of the Welfare State deserves to remain at the top of every student's reading list for public economics, social economics and social policy. Endorsements of second edition: "Nicholas Barr has written a very good book which deserves to become a standard text on the economics of the welfare state" Journal of Social Policy "...a detailed, tightly argued discussion of both the aims and the methods of social policy ...its didactic layout and style makes it accessible to students of the subject and even to non-economists like myself...He has written a text for the years to come, intelligent, thorough, informative and clear." Sir Ralph Dahrendorf - Times Higher Education Supplement "Economists seeking a unified treatment of the economics of the welfare state can stop searching. They will find Nicholas Barr's well-organised, lucidly-written volume a welcome alternative to the fragmented, incomplete discussions that appear in textbooks on public economics, labour economics and poverty and income inequality...By persistently asking the kinds of questions an economist should ask about policy issues, and sensibly answering them, the book teaches readers much about the value of an economic approach to policy issues. " Journal of Economic Literature
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conomics of the Welfare State discusses the different parts of the welfare system,in particular, cash benefits, the health service and education. The text argues that the welfare state exists not just to help the underprivileged, but also for efficiency reasons in areas where private markets would be inefficient or would not exist at all. The book has a separate chapter on the economics of higher education and it contains increased references to developments in the EU. Also included are a number of largely forward looking topics: - extended discussion of insurance to cover disability and long-term care - challenges to the welfare state including demographic change, globalization, changes in family structure and changes in the structure of jobs - debates about the welfare state Suitable for students of both economics related disciplines, the book encourages greater accessibility for students and contains a non-technical appendix in every chapter, diagrams, additional readings, worked examples and end of chapter discussion questions. ONLINE RESOURCE CENTRE Includes PowerPoint slides, web links and further reading.
Professor Nicholas Barr is Professor of Public Economics in the European Institute at the London School of Economics. Prior to this he has been a Lecturer, Senior Lecturer and Reader at the London School of Economics.
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