The fourth edition of The Economics of the Welfare State by Nicholas Barr offers a comprehensive exploration of the welfare system’s many dimensions. Focusing on areas such as cash benefits, healthcare, and education, the book argues that the welfare state is designed not solely to support the underprivileged but also to promote efficiency in sectors where private markets are less effective. This edition introduces a dedicated chapter on the economics of higher education and incorporates expanded discussions of EU developments. Enhancements in this edition also encompass emerging topics like insurance for disability and long-term care, alongside critical debates concerning demographic shifts, globalization, and changes in family and job structures. Written with both students and practitioners in mind, the book provides accessible, non-technical appendices, diagrams, worked examples, and end-of-chapter discussion questions to guide deeper understanding of the complex economic policies underpinning the welfare state.
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