Summary Proponents of the economics and policies of the new third way mainly ignore the history of this debate. Following their project they prefer to focus on politics which seek to combine labour market deregulation and efficiency with procedural social justice. To answer local questions it is...

Summary The theoretical consistency and practical applicability of traditional welfare economics has long been subject to controversy. More recently the challenge has been added from evolutionary approaches that the individual preferences on which the welfare calculus is based are themselves...