Economics of the Welfare State

The sixth edition of this successful textbook discusses elements of the welfare system, including cash benefits, the health service and education. The text argues that the welfare state does not exist just to help the underprivileged, but also offers efficiencies in areas where the private markets would be inefficient or would not exist at all.

Suitable for both economics students and students on related disciplines, this book places the content within a theoretical framework, and uses learn...