Economics and ethics are both valuable tools for analyzing the behavior and actions of human beings and institutions. Adam Smith, the father of modern economics, considered them two sides of the same coin, but since economics was formalized and mathematicised in the late 1800s and early 1900s, the fields have largely followed separate paths. The Oxford Handbook of Ethics and Economics provides a timely and thorough survey of the various ways ethics can, does, and should inform economic theory and practice. The first part of the book, Foundations, explores how the most prominent schools of moral philosophy relate to economics; asks how morals relevant to economic behavior may have evolved; and explains how various approaches to economics incorporate ethics into their work. The second part, Applications, looks at the ethics of commerce, finance, and markets; uncovers the moral dilemmas involved with making decisions regarding social welfare, risk, and harm to others; and explores how ethics is relevant to major topics within economics, such as health care and the environment. With esteemed contributors from economics and philosophy, The Oxford Handbook of Ethics and Economics is a resource for scholars in both disciplines and those in related fields. It highlights the close relationship between ethics and economics in the past while and lays a foundation for further integration going forward.

"An excellent introduction to issues surrounding the postwar French welfare state."
--"Archives

"An important and groundbreaking book."
--Martin A. Schain, New York University

Little noticed by much of the world, France, during the 1960s and 1970s, developed into one of the most generous welfare states in the world. This book describes and explains this spectacular growth, and examines some of the problems that have emerged in its wake. The distinguished contributors to this volume are: Douglas E. Ashford (University of Pittsburgh), David R. Cameron (Yale University), Bruno Jobert (National Center for Scientific Research), Rmi Lenoir (University of Paris), Nathan H. Schwartz (University of Louisville), and David Wilsford (Georgia Institute of Technology).

This is an open access title available under the terms of a CC BY-NC-ND 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. This volume is the last of three addressing a wide range of policy issues relating to the role of public action in combating hunger and deprivation in the modern world. It deals with the background nutritional, economic, social, and political aspects of the problem of world hunger. Volume 3 deals with the strategic options for the elimination of endemic hunger. The topics covered include: the comparative extent of hunger and deprivation in different parts of the world; the influence of food production; the interconnections between economic growth and public support; the role of economic diversification in reducing vulnerability; the potential impact of direct public provisioning on living standards; and the politics of public action. In addition to general analyses, the book examines the international relevance of a number of specific country experiences in Asia, Africa, and Latin America (including those ofBangladesh, Brazil, China, India, Kenya, Nigeria, and Sri Lanka). Taken together, these essays provide a comprehensive and authoritative analysis of the problem of hunger and deprivation, and an important guide for action.

In his landmark 1942 report on social insurance Sir William Beveridge talked about the 'five giants on the road to reconstruction' - the giants of Want, Disease, Ignorance, Squalor, and Idleness. Social Progress in Britain investigates how much progress Britain has made in tackling the challenges of material deprivation, ill-health, educational standards, lack of housing, and unemployment in the decades since Beveridge wrote. It also asks how progress in Britain compares with that of peer countries - Canada, France, Germany, Italy, Japan, Sweden and the USA. Has Britain been slipping behind? What has been the impact of the increased economic inequality which Britain experienced in the 1980s - has rising economic inequality been mirrored by increasing inequalities in other areas of life too? Have there been increasing inequalities of opportunity between social classes, men and women, and different ethnic groups? And what have been the implications for Britain's sense of social cohesion?

This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. All over the world, economic inclusion has risen to the top of the development discourse. A well-performing education system is central to achieving inclusive development - but the challenge of improving educational outcomes has proven to be unexpectedly difficult. Access to education has increased, but quality remains low, with weaknesses in governance comprising an important part of the explanation. The Politics and Governance of Basic Education explores the balance between hierarchical and horizontal institutional arrangements for the public provision of basic education. Using the vivid example of South Africa, a country that had ambitious goals at the outset of its transition from apartheid to democracy, it explores how the interaction of politics and institutions affects educational outcomes. By examining lessons learned from how South Africa failed to achieve many of its goals, it constructs an innovative alternative strategy for making process, combining practical steps to achieve incremental gains to re-orient the system towards learning.

In the late eighteenth and early nineteenth centuries, the internal migration of a growing population transformed Britain into a 'society of strangers'. The coming and going of so many people wreaked havoc on the institutions through which Britons had previously addressed questions of collective responsibility. Poor relief, charity briefs, box clubs, and the like relied on personal knowledge of reputations for their effectiveness and struggled to accommodate the increasing number of unknown migrants. Trust among Strangers re-centers problems of trust in the making of modern Britain and examines the ways in which upper-class reformers and working-class laborers fashioned and refashioned the concept and practice of friendly society to make promises of collective responsibility effective - even among strangers. The result is a profoundly new account of how Britons navigated their way into the modern world.

Europe's political landscapes are in turmoil, and new radical parties challenge the established political order. This book locates Europe's contemporary challenges within the longer economic and political trajectories of its 'welfare democracies'. The book argues that it is imperative to understand the specific structures of political competition and voter-party links to make sense of the political and economic turmoil of the last decades. In four distinct European welfare democracies (Nordic, Continental, Southern, and Anglo-Saxon), the political economy, the party system, and the structure of the political space are co-determined in a specific way. Accordingly, different packages of policies and politics and distinct patterns of alignment between core electoral groups and political parties exist in the four welfare democracies and shape the reactions of European welfare democracies to the current turmoil. This volume provides an analytical framework that links welfare states to party systems, combining recent contributions to the comparative political economy of the welfare state and insights from party and electoral politics. It states three phenomena. First, concerning electoral politics, the book identifies a certain homogenization of European party systems, the emergence of a new combination of leftist socio-economic and rightist socio-cultural positions in many parties, and, finally, the different electoral success of the radical right in the north of Europe and of the radical left in the south. Secondly, the contributions to this book indicate a confluence toward renewed welfare state support among parties and voters. Thirdly it demonstrates that the Europeanization of political dynamics, combined with incompatible growth models, has created pronounced European cleavages.

How did Britain transform itself from a nation of workhouses to one that became a model for the modern welfare state? The Winding Road to the Welfare State investigates the evolution of living standards and welfare policies in Britain from the 1830s to 1950 and provides insights into how British working-class households coped with economic insecurity. George Boyer examines the retrenchment in Victorian poor relief, the Liberal Welfare Reforms, and the beginnings of the postwar welfare state, and he describes how workers altered spending and saving methods based on changing government policies. From the cutting back of the Poor Law after 1834 to Parliament's abrupt about-face in 1906 with the adoption of the Liberal Welfare Reforms, Boyer offers new explanations for oscillations in Britain's social policies and how these shaped worker well-being. The Poor Law's increasing stinginess led skilled manual workers to adopt self-help strategies, but this was not a feasible option for low-skilled workers, many of whom continued to rely on the Poor Law into old age. In contrast, the Liberal Welfare Reforms were a major watershed, marking the end of seven decades of declining support for the needy. Concluding with the Beveridge Report and Labour's social policies in the late 1940s, Boyer shows how the Liberal Welfare Reforms laid the foundations for a national social safety net. A sweeping look at economic pressures after the Industrial Revolution, The Winding Road to the Welfare State illustrates how British welfare policy waxed and waned over the course of a century.

There has been a remarkable upsurge of debate about increasing inequalities and their societal implications, reinforced by the economic crisis but bubbling to the surface before it. This has been seen in popular discourse, media coverage, political debate, and research in the social sciences. The central questions addressed by this book, and the major research project GINI on which it is based, are: - Have inequalities in income, wealth and education increased over the past 30 years or so across the rich countries, and if so why? - What are the social, cultural and political impacts of increasing inequalities in income, wealth and education? - What are the implications for policy and for the future development of welfare states? In seeking to answer these questions, this book adopts an interdisciplinary approach that draws on economics, sociology, and political science, and applies this approach to learning from the experiences over the last three decades of European countries together with the USA, Japan, Canada, Australia, and South Korea. It combines comparative research with lessons from specific country experiences, and highlights the challenges in seeking to adequately assess the factors underpinning increasing inequalities and to identify the channels through which these may impact on key social and political outcomes, as well as the importance of framing inequality trends and impacts in the institutional and policy context of the country in question.

There has been a remarkable upsurge of debate about increasing inequalities and their societal implications, reinforced by the economic crisis but bubbling to the surface before it. This has been seen in popular discourse, media coverage, political debate, and research in the social sciences. The central questions addressed by this book, and the major research project GINI on which it is based, are: - Have inequalities in income, wealth and education increased over the past 30 years or so across the rich countries, and if so why? - What are the social, cultural and political impacts of increasing inequalities in income, wealth and education? - What are the implications for policy and for the future development of welfare states? In seeking to answer these questions, this book adopts an interdisciplinary approach that draws on economics, sociology, and political science, and applies a common analytical framework to the experience of 30 advanced countries, namely all the EU member states except Cyprus and Malta, together with the USA, Japan, Canada, Australia and South Korea. It presents a description and analysis of the experience of each of these countries over the past three decades, together with an introduction, an overview of inequality trends, and a concluding chapter highlighting key findings and implications. These case-studies bring out the variety of country experiences and the importance of framing inequality trends in the institutional and policy context of each country if one is to adequately capture and understand the evolution of inequality and its impacts.

What are the methodologies for assessing and improving governmental policy in light of well-being? The Oxford Handbook of Well-Being and Public Policy provides a comprehensive, interdisciplinary treatment of this topic. The contributors draw from welfare economics, moral philosophy, and psychology and are leading scholars in these fields. The Handbook includes thirty chapters divided into four Parts. Part I covers the full range of methodologies for evaluating governmental policy and assessing societal condition-including the leading approaches in current use by policymakers and academics, and emerging techniques. Part II focuses on the nature of well-being itself. What, indeed, constitutes an individual's welfare? What makes her life go better or worse? Part III addresses the measurement of well-being and the thorny topic of interpersonal comparisons. How can we construct a meaningful scale of individual welfare, which allows for comparisons of well-being levels and differences, both within one individual's life, and across lives? Finally, Part IV reviews the major challenges to designing governmental policy around individual well-being.

What is human happiness and how can we promote it? These questions are central to human existence and Happiness Explained draws on scientific research from economics, psychology, and philosophy, as well as a range of other disciplines, to outline a new paradigm in which human flourishing plays a central role in the assessment of national and global progress. It shows why the traditional national income approach is limited as a measure of human wellbeing and demonstrates how the contributors to happiness, wellbeing, and quality of life can be measured and understood across the human life course. Discussing wide-ranging aspects, from parenting, decent employment, friendship, education, and health in old age, through to money, autonomy, and fairness, as well as personal strategies and governmental polices used in the pursuit of happiness, it offers a science-based understanding of human flourishing. Written by an economist involved in helping governmental organisations move 'beyond GDP', Happiness Explained shows how a wide range of factors that contribute to better and happier lives and how, together, they provide a new blueprint for the assessment of progress in terms of personal wellbeing.

In recent years, debates on the economics of happiness have shown that, over the long-term, well-being is influenced more by social and personal relationships than by income. This evidence challenges the traditional economic policy paradigm that has emphasized income as the primary determinant of well-being. This volume brings together contributions from leading scholars to ask: What should be done to improve the quality of people's lives? Can economic and social changes be made which enhance well-being? What policies are required? How do policies for well-being differ from traditional ones targeted on redistribution, the correction of market inefficiencies, and growth? Are there dimensions of well-being that have been neglected by traditional policies? Is happiness a meaningful policy target? The volume presents reflections and proposals which constitute a first step towards answering these questions.

The 1986 article by Grossman and Hart "A Theory of Vertical and Lateral Integration " has provided a framework for understanding how firm boundaries are defined and how they affect economic performance. The property rights approach has provided a formal way to introduce incomplete contracting ideas into economic modeling. The Impact of Incomplete Contracts on Economics collects papers and opinion pieces on the impact that this property right approach to the firm has had on the economics profession. It shows that the impact has been felt sometimes in significant ways in a variety of fields, ranging from the theory of the firm and their internal organization to industrial organization, international trade, finance, management, public economy, and political economy and political science. Beyond acknowledging how the property rights approach has permeated economics as a whole, the contributions in the book also highlight the road ahead--how the paradigm may change the way research is performed in some of the fields, and what type of research is still missing. The book concludes with a discussion of the foundations of the property rights, and more generally the incomplete contracting, approaches and with a series of contributions showing how behavioral considerations may provide a new way forward.

This ambitious work presents a critique of traditional welfare theory and proposes a new approach to it. Radical economists Robin Hahnel and Michael Albert argue that an improved theory of social welfare can consolidate and extend recent advances in microeconomic theory, and generate exciting new results as well. The authors show that once the traditional "welfare paradigm" is appropriately modified, a revitalized welfare theory can clarify the relationship between individual and social rationalitya task that continues to be of interest to mainstream and nonmainstream economists alike. Hahnel and Albert show how recent work in the theory of the labor process, externalities, public goods, and endogenous preferences can advance research in welfare theory. In a series of important theorems, the authors extend the concept of Pareto optimality to dynamic contexts with changing preferences and thus highlight the importance of institutional bias. This discussion provides the basis for further analysis of the properties and consequences of private and public enterprise and of markets and central planning. Not surprisingly, Hahnel and Albert reach a number of conclusions at odds with conventional wisdom. Originally published in 1990. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

This is an open access title available under the terms of a CC BY-NC-ND 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. The term 'social security' has a very different meaning in underdeveloped countries and is best understood as poverty alleviation. This work seeks to define social security in its various forms and to examine what types of programmes are most suitable for developing countries. The authors review current literature on the subject. Some chapters explore broad themes, while others describe social security provisions in various regions in South Asia, China, Latin America, and Southern Africa. Western systems are compared and broad assessments made of the traditional social security systems in village societies. The editors aim to put the subject of social security firmly on the agenda of development economic research with a view to stimulate much further research in this area. The volume is written in a way that will be accessible to a much wider audience.

Japan is aging rapidly, and its government has been groping with the implications of this profound social change. In a pioneering study of postwar Japanese social policy, John Creighton Campbell traces the growth from small beginnings to an elaborate and expensive set of pension, health care, employment, and social service programs for older people. He argues that an understanding of policy change requires a careful disentangling of social problems and how they come to be perceived, the invention (or borrowing) of policy solutions, and conflicts and coalitions among bureaucrats, politicians, interest groups, and the general public. The key to policy change has often been the strategies adopted by policy entrepreneurs to generate or channel political energy. To make sense of all these complex processes, the author employs a new theory of four "modes" of decision-making--cognitive, political, artifactual, and inertial. Campbell refutes the claim that there is a unique "Japanese-style welfare state." Despite the big differences in cultural values, social arrangements, economic priorities, and political control, government responsibility for the "aging-society problem" is broadly similar to that in advanced Western nations. However, Campbell's account of how Japan has taken on that responsibility raises new issues for our understanding of both Japanese politics and theories of the welfare state. Originally published in 1992. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

There has been a remarkable upsurge of debate about increasing inequalities and their societal implications, reinforced by the economic crisis but bubbling to the surface before it. This has been seen in popular discourse, media coverage, political debate, and research in the social sciences. The central questions addressed by this book, and the major research project GINI on which it is based, are: - Have inequalities in income, wealth and education increased over the past 30 years or so across the rich countries, and if so why? - What are the social, cultural and political impacts of increasing inequalities in income, wealth and education? - What are the implications for policy and for the future development of welfare states? In seeking to answer these questions, this book adopts an interdisciplinary approach that draws on economics, sociology, and political science, and applies a common analytical framework to the experience of 30 advanced countries, namely all the EU member states except Cyprus and Malta, together with the USA, Japan, Canada, Australia and South Korea. It presents a description and analysis of the experience of each of these countries over the past three decades, together with an introduction, an overview of inequality trends, and a concluding chapter highlighting key findings and implications. These case-studies bring out the variety of country experiences and the importance of framing inequality trends in the institutional and policy context of each country if one is to adequately capture and understand the evolution of inequality and its impacts.

One of the principal goals of antipoverty efforts should be to improve the absolute living standards of the least well-off. This book aims to enhance our understanding of how to do that, drawing on the experiences of twenty affluent countries since the 1970s. The book addresses a set of questions at the heart of political economy and public policy: How much does economic growth help the poor? When and why does growth fail to trickle down? How can social policy help? Can a country have a sizeable low-wage sector yet few poor households? Are universal programs better than targeted ones? What role can public services play in antipoverty efforts? What is the best tax mix? Is more social spending better for the poor? If we commit to improvement in the absolute living standards of the least well-off, must we sacrifice other desirable outcomes?

India initiated liberal economic reforms in 1991 to transform a slow-growing, state-led economy into an open, export-oriented industrialising economy. Though economic growth has accelerated, industrialisation has suffered from the manufacturing sector's share and labour intensive sectors failing to improve in India's exports. The government launched the Make in India initiative in 2015 aimed at raising the manufacturing sector's share in GDP to 25 percent, and to create an additional 100 million jobs by 2022. Though official estimates show an optimistic image of small scale industries, they do not explain why India failed to boost industrial production as expected of the reforms. Why did they fail to keep the domestic market, let alone expand exports? What would it take to meet the ambitious policy goals of the initiative? This book attempts to address these questions. It looks at a series of case studies of the small industry to obtain an in-depth understanding of specific industries and locations to draw meaningful conclusions.

According to conventional wisdom, American social policy has always been exceptional--exceptionally stingy and backwards. But Edwin Amenta reminds us here that sixty years ago the United States led the world in spending on social provision. He combines history and political theory to account for this surprising fact--and to explain why the country's leading role was short-lived.

The orthodox view is that American social policy began in the 1930s as a two-track system of miserly "welfare" for the unemployed and generous "social security" for the elderly. However, Amenta shows that the New Deal was in fact a bold program of relief, committed to providing jobs and income support for the unemployed. Social security was, by comparison, a policy afterthought. By the late 1930s, he shows, the U.S. pledged more of its gross national product to relief programs than did any other major industrial country.

Amenta develops and uses an institutional politics theory to explain how social policy expansion was driven by northern Democrats, state-based reformers, and political outsiders. And he shows that retrenchment in the 1940s was led by politicians from areas where beneficiaries of relief were barred from voting. He also considers why some programs were nationalized, why some states had far-reaching "little New Deals," and why Britain--otherwise so similar to the United States--adopted more generous social programs. "Bold Relief" will transform our understanding of the roots of American social policy and of the institutional and political dynamics that will shape its future.

'He is as funny as Bryson and as wise as Orwell' Observer It was the spirit of our finest hour, the backbone of our post-war greatness, and it promoted some of the boldest and most brilliant schemes this isle has ever produced: it was the Welfare State, and it made you and I. But now it's under threat, and we need to save it. In this timely and provocative book, Stuart Maconie tells Britain's Welfare State story through his own history of growing up as a northern working class boy. What was so bad about properly funded hospitals, decent working conditions and affordable houses? And what was so wrong about student grants, free eye tests and council houses? And where did it all go so wrong? Stuart looks toward Britain's future, making an emotional case for believing in more than profit and loss; and championing a just, fairer society.

This original ethnographic study looks at how children are 'civilised' within child institutions, such as schools, day care centres and families, under the auspices of the welfare state. As part of a general discussion on civilising projects and the role of state institutions, the authors focus on Denmark, a country characterised by the extent of time children use in public institutions from an early age. They look at the extraordinary amount of attention and effort put into the process of upbringing by the state, as well as the widespread co-operation in this by parents across the social spectrum. Taking as its point of departure the sociologist Norbert Elias' concept of civilising, Children of the Welfare State explores the ideals of civilised conduct expressed through institutional upbringing and examine how children of different age, gender, ethnicity and social backgrounds experience and react to these norms and efforts. The analysis demonstrates that welfare state institutions, though characterised by a strong egalitarian ideal, create distinctions between social groups, teach children about moral hierarchies in society and prompts them to identify as more or less civilised citizens of the state.