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50 Years of ERIC
50 Years of ERIC
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Peer reviewed Peer reviewed
ERIC Number: EJ469726
Record Type: CIJE
Publication Date: 1992
Pages: N/A
Abstractor: N/A
Reference Count: 0
ISSN: ISSN-0038-4941
Social Welfare and the Market Economy.
Nelson, Joel I.
Social Science Quarterly, v73 n4 p815-28 Dec 1992
Reports on a study that questions whether private enterprise can maintain quality while reducing costs of providing social welfare services. Reviews three aspects of privatization: (1) competitive markets; (2) rationality; and (3) cost reduction. Concludes by questioning a central claim of economic theory: that free markets and private firms are the most effective and efficient mechanisms for producing and distributing all goods and services. (CFR)
Publication Type: Reports - Research; Opinion Papers; Journal Articles
Education Level: N/A
Audience: Policymakers; Researchers; Community
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers: Economic Concepts; Europe (West)