The Welfare State As Piggy Bank: Information, Risk, Uncertainty, and the Role of the State

The Welfare State As Piggy Bank: Information, Risk, Uncertainty, and the Role of the State
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   Description
Barr contends that the welfare state exists for reasons besides poverty relief, reasons arising out of pervasive problems of imperfect information, risk and uncertainty. As a result, he argues, the welfare state is here to stay, since 21st century developments don't address these additional reasons.
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