EU27 pension systems are diverse and different from textbook ideal-type. They are hybrids because they combine public and private pension features. Over a century, public and private pensions have been designed and reformed simultaneously. We examine how the history of those reforms can explain...

This note points out a neglected parallel between the philosophies of Adam Smith and Immanuel Kant related to their views on self-interest, morality, and society. First, I explain the distinction between Kant’s perfect and imperfect duties, and how they result from his moral philosophy. Next,...

Since white settlement of Australia in 1788, the Aboriginal community has remained a conspicuously disadvantaged minority group. Decades of Federal and State government welfare policies have not prevented alcoholism, domestic violence and unemployment from undermining life in Aboriginal...

The 2007 change in the law of home care for household help in the Netherlands concerns competitive tendering at municipal level. This has reduced quality and choice for care receivers. In this paper, I report from a small survey in the city of Rotterdam on the impact of the law change on unpaid...

Bill Waters’ dissertation “Entrepreneurship, Dualism, and Causality: An Appreciation of the Work of Joseph A. Schumpeter” completed at Georgetown University in 1952 is significant for two reasons. The first is clear enough from the very beginning: Schumpeter and the entrepreneur. The other...

ASSA Paper. ASA Session on Schumpeter

This paper focuses on financing the welfare state expenditures in the UK. It offers a comprehensive analysis of social expenditures and taxes paid by the working population families, and an estimation of the net benefits received by them. While the subsequent analysis of the welfare state and...

The current crisis in global capitalism and the wide-ranging problems that have been caused by the promulgation of a regime of deregulation of goods, services, and labor markets across the globe, but especially in the United States over the past thirty years, may indeed prove to be the end of...