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Welfare State
(redirected from Welfare theory)

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Welfare State
The concept in which a government is or views itself as responsible for providing some minimum economic security for citizens. For example, the government may guarantee housing, work and a minimum income for all citizens. Less comprehensively, a government may provide income during periods of unemployment or poverty. Most governments have a welfare state to some degree. Proponents view welfare states as a form of economic justice. Critics contend that they are detrimental to GDP growth and promote needless dependency.
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Introduction Many libertarians, as well as other free-market advocates, have extreme reservations about the welfare theory of neoclassical economics.
Toward a libertarian reconstruction of neoclassical welfare theory by Hummel, Jeffrey Rogers / Journal of Private Enterprise
Who else has made as great a variety of profound contributions to so broad a variety of fields, including his work on integrability of utility, his additions to welfare theory, his contributions on dynamic stability of general equilibrium, his envelope theorem and the cost function, his correspondence principle and its illumination of the arenas of comparative statics and dynamics, his illuminating non-substitution theorems.
Generalists' Generalisimo by Baumol, William J. / American Economist
Asset-based Theory, IDAs, and Post-Secondary Education Asset-based welfare theory highlights the importance of assets compared to that of income (Sherraden, 1991).
Saving for post-secondary education in individual development accounts by Schreiner, Mark / Journal of Sociology & Social Welfare
 
 
 
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