This paper argues—contra some Austro-libertarians—that whether a given exchange is welfare-enhancing or welfare-diminishing does not depend on that just unjust, respectively. Rather, we suggest in light of our two thought experiments, Austro-libertarianism has at least pro tanto reason to conceive justice and welfare as logically distinct ideals. would turn, most interestingly, predict the poss...

U.S. welfare reforms will add one to two million persons to the labor force from 19932005. Because this increase in labor supply is only about one percent of the U.S. labor force, it is unlikely that welfare reform will have sizable effects on overall U.S. wages or unemployment. However, a variety of economic models suggest that welfare reform will significantly reduce the real earnings of some...

Past climate change literature paid great attention to the welfare analysis of international agreements that stabilize emissions over time on the basis of the New Welfare Economics approach claiming “objective” measures of well-being and excluding interpersonal comparisons. In this paper, by using non New Welfare Economics approaches we show that the involvement of developing countries is not a...

Building on the social science literature, we hypothesized that population health indicators in wealthy industrialized countries are 'clustered' around welfare state regime types. We tested this hypothesis during a period of welfare state expansion from 1960 to 1994. We categorized data from 19 wealthy countries into 4 different types of welfare state regimes (Social Democratic, Christian Democ...

This paper analyses social policy reform in the past 30 years in Spain from a novel point of view, namely, that of the institutional capabilities of Bismarckian welfare states to reinvent themselves and to successfully adapt to an era of austerity and open economic competition. After a brief introduction aiming at signaling the main characteristics of Spain from the political and economic point...

Entrepreneurship is largely ignored or treated in a highly simplified way in endogenous growth theory. Still, it is now widely recognized that the supply of entrepreneurial talent is likely to be important for economic growth, innovation and job creation. In this study we provide an indepth examination of how the supply of productive entrepreneurship is likely to be affected by the kind of tax ...

The role of the welfare state in the post-war industrialized economies has recently become a major topic. Using a Kaleckian framework we consider an economy where investment depends positively on the rate of return on capital and negatively on the rate of employment. This allows for a possible integration of Kalecki’s (1943) analysis of the political aspects of full employment. We use Okun’s la...