Unhelpful Abstractions and the Standard View

It is not fruitful to puzzle over the question whether economists and others ‘favor’ or ‘lean’ toward the regulatory or welfare state; that is an unhelpful and confusing question, one that orients people in the wrong way. It is better to begin by emphasizing that the first should be designed to handle market failures, and that the second should be designed to respond to economic deprivation and unjustified inequality.

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Year of publication:	2015
Authors:	Sunstein, Cass R.
Published in:	Econ Journal Watch. - Economics Department. - Vol. 12.2015, 1, p. 68-71
Publisher:	Economics Department
Subject:	Welfare state \| regulatory state \| regulation \| redistribution \| economists

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	A13 - Relation of Economics to Social Values ; A14 - Sociology of Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011152478