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Social Democracy and Rational Choice (Hardcover)
Loot Price: R4,284
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Social Democracy and Rational Choice (Hardcover)
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Is it possible, in this post-socialist world, for equity and
efficiency to be reconciled? Or is a productive welfare state a
contradiction in terms? This work addresses these questions in
theory and in practice - the practice being that of social
democracy in the Nordic countries. Milner presents an
institutionalist analysis of social-democratic regimes which seek
distributive justice as well as optimal economic performance,
showing that the dual aims are not incompatible and can indeed be
complementary. He develops a rational-choice-based framework to
analyze how objectives are shaped by economic, political and
cultural institutions. Milner argues that attempts to attain a
combination of distributive justice and optimal economic
performance are most commonly thwarted by inbuilt opportunities for
individuals to free-ride, and he examines arrangements which can
make such free-riding less attractive. The framework is applied in
contrasting institutions in corporatist/social-democratic
societies, and also in laissez-faire- orientated societies such as
the United States. The book also surveys developments in the Nordic
countries in the 1990s.
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