Market Efficiency Versus EquityDuring recent decades the welfare state has shown a growing interest in issues relating to market efficiency. Supply side economics, Reaganism and Thatcherism all pointed to the fact that welfare state arrangements had become a burden for society that prevented individuals to take action and frustrated markets to operate efficiently. Since then different fields of public policy have been confronted with trends like deregulation, privatisation and less government action. Education, transport, social security and pension schemes are just a few examples. The results of these operations have given rise to new questions concerning solidarity, equal treatment and all citizens getting their 'fair share' of welfare. This debate has become the more important as Europe is in a period of transition in which it has to decide on shaping its future by way of the European Union. Major contributions to the discussion with respect to the relation between market efficiency and equity come from lawyers and economists. That is why this volume of the series 'Balancing the welfare state' has brought together experts in both law and economics to discuss this relation from different angles and with respect to different actual problems in the late-twentieth century welfare state. |
Contents
Balancing the Welfare State | 1 |
From Market Efficiency versus Social Justice to Market Efficiency | 45 |
Activation Policy and Equity | 69 |
Copyright | |
6 other sections not shown
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36-hours working week activation policy Affairs and Employment Amsterdam Article Article 6 paragraph AWSB benefits company schemes competition concept concerned considered contributions day-care centres day-care market Dutch economically weak Economisch economists efficiency and equity efficiency and social efficiency and solidarity employment contract European Community European Union flexibilisation flexible labour flexible workers function Furthermore Hessel income increase individual interests internal solidarity introduction job culture jurists kinderopvang Klosse labour costs labour market labour market policy legislation Maastricht Treaty market efficiency market theory means measures Member minimum neo-liberal Netherlands organization Pareto efficiency partially disabled workers pension scheme possible problem production reduction regulations reintegration result sick-benefit Social Affairs social insurance social justice social policy social responsibility social security system spontaneous solidarity stimulate subsidies supply of day trade unions Treaty unemployed University of Amsterdam Utrecht University wages week in banking welfare zekerheid