This paper discusses the social policy consequences of the exceptional economic decline in Finland in the 1990s. It asks what happened to the Finnish welfare state in these exceptional economic conditions, and consequent political problems. It describes Finland’s economic performance in a...

Household economies translate goods into well-being through production, cooperation, and distribution. Between market goods to households and well-being to persons, value is added. Income is a measure of goods, consumption well-being is measured by equivalent income. An absolute interpretation...

The standard of living of individuals does not depend so much on the income they themselves earn as on the total income of the household to which they belong and how the household organizes the use of its income. It is important to develop methods of income analysis which incorporate the...

There are two great mysteries in the political economy of South Korea. How could a destroyed country in next to no time become a sophisticated and affluent economy? And how could a ruthlessly authoritarian regime metamorphose with relative ease into a stable democratic polity? South Korea was...