Protecting the Welfare State

摘要

One great project of the late 20th century was the construction of vast welfare states in wealthy nations to protect people against the insecurities of the business cycle and the injustices of unfettered capitalism. One great question of the early 21st century is whether these welfare states, facing massive commitments to aging populations, will themselves create new insecurities and injustices. Comes now economic historian Peter Lindert, who has thoroughly probed the welfare state, with a surprising message: relax.