2015

Yes, There Are Hayekian Welfare States (At Least in Theory)

Reprint No. 2015:6

Author(s): Andreas BerghYear: 2015 Title: Econ Journal Watch Volume (No.): 12 (1) Pages: 22–27

Yes, There Are Hayekian Welfare States (At Least in Theory) Andreas Bergh


The neoclassical problem of distortionary taxation and the Hayekian knowledge problem are two different lines of argumentation against government interventions. When it applies, the Hayekian argument against government intervention is stronger than the neoclassical argument, because interventions can be designed to minimize distortions, but governments cannot escapethe knowledge problem. A Hayekian welfare state would combine low levels of regulation with social insurance schemes that are not terribly vulnerable to the knowledge problem.


Reference:
Bergh, Andreas (2015), "Yes, There Are Hayekian Welfare States (At Least in Theory)". Econ Journal Watch 12(1), 22–27.

Andreas Bergh

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Interdisciplinary European Studies

The European Union and the Return of the Nation State

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This book explores the complex and ever-changing relationship between the European Union and its member states. The recent surge in tension in this relationship has been prompted by the actions of some member state governments as they question fundamental EU values and principles and refuse to implement common decisions seemingly on the basis of narrowly defined national interests.

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