Economic Freedom and Welfare Before and After the Crisis

This book offers an extensive review of market-oriented economic reforms since 1970, and considers the question of whether more liberal economic policy yields greater social welfare. The author demonstrates that, despite the widespread uniformity of economic policy across countries over the past 45 years, welfare differences persist. Stankov posits that the crisis has stalled the momentum of economic freedom reforms across the globe and policy agendas have gradually shifted from pro-market to pro-redistribution. The book argues that this shift is inevitable: market-oriented economics, Stankov notes, is the natural bedfellow of populism. Through rigorous empirical methodology and the use of various case studies, Stankov is among the first to offer an empirical explanation.

List of contents

Chapter 1. Introduction.- Chapter 2. Contemporary Views on Welfare and Reforms.- Chapter 3. Policies and Reforms.- Chapter 4. Policy Convergence vs. Welfare Convergence.- Chapter 5. Welfare and Reforms: The Evidence.- Chapter 6. Crises, Welfare and Populism.- Chapter 7. Conclusion.

About the author

Petar Stankov is Senior Assistant Professor of Economics at the University of National and World Economy (UNWE) in Sofia, Bulgaria. Stankov has published on economic growth, financial crises, inequality and institutional reforms. He has taught economics for 10 years at the UNWE, the Anglo-American University in Prague, the Prague School of Economics, and the American University in Bulgaria. 

Summary

Provides regression analysis for each area of human welfare
Takes an empirical approach to recent trends in economic freedom
Examines after-crisis policy responses and their welfare implications

Product details

• Authors: Petar Stankov
• Publisher: Springer, Berlin
• Languages: English
• Product format: Paperback / Softback
• Released: 01.01.2018
• EAN: 9783319873282
• ISBN: 978-3-31-987328-2
• No. of pages: 172
• Dimensions: 148 mm x 10 mm x 210 mm
• Weight: 253 g
• Illustrations: XIII, 172 p. 30 illus.
• Subjects: Social sciences, law, business > Political science > Politics and business; B, Sozialwesen und soziale Dienste, Kommunal-, Regional- Landes und Lokalregierung, Economic Policy, Economics, Entwicklungsökonomie und Schwellenländer, Wohlfahrtsökonomie, Social Policy, Social & ethical issues, Economic theory & philosophy, auseinandersetzen, Economics and Finance, Political Economy, Welfare economics, Management science, Development Economics, Development economics & emerging economies, Microeconomics, Social Choice and Welfare