EUI Working Paper: SPS, Volumes 4-10European University Institute, 1993 - Europe |
From inside the book
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Page 7
... economic system in order to achieve results which the economic system would not achieve on its own , and ... in doing so it is guided by values other than those determined by open market forces " ( Marshall , 1975 : 15 ) . Community ...
... economic system in order to achieve results which the economic system would not achieve on its own , and ... in doing so it is guided by values other than those determined by open market forces " ( Marshall , 1975 : 15 ) . Community ...
Page 8
... economics during the past few decades has identified six important conditions under which the market is not Pareto ... economic order . They are : 1. Failure of competition ; 2. Public goods ; 3. Externalities ; 4. Incomplete markets ...
... economics during the past few decades has identified six important conditions under which the market is not Pareto ... economic order . They are : 1. Failure of competition ; 2. Public goods ; 3. Externalities ; 4. Incomplete markets ...
Page 9
... economy is Pareto efficient and there is no economic justification for government intervention . But the fact that the economy is Pareto efficient says nothing about the distribution of income . A very unequal distribution of income may ...
... economy is Pareto efficient and there is no economic justification for government intervention . But the fact that the economy is Pareto efficient says nothing about the distribution of income . A very unequal distribution of income may ...
Common terms and phrases
analytic areas of social Author Title Commission Common Agricultural Policy Community between Social Community level Community policymaking consumer protection Council disparities distribution of income EC policymakers EC regulations environment environmental protection EUI Working Paper European Agency European Community European integration European Social Fund European University Institute European welfare example fact Federal Republic government intervention Hans-Peter BLOSSFELD health and safety historical analogy important Information failures innovation internal market Jean BLONDEL justified Leibfried and Pierson level of protection limited market failure Member migrant workers national welfare occupational health Pareto efficient Policy and Social policy space possible principle proposal qualified majority voting quality-of-life issues rationales for government regional redistribution regulatory interventions regulatory policymaking Republic of Germany Rome Treaty San Domenico significant social dimension social Europe social field social security regime standards supranational traditional social policy Treaty of Maastricht Treaty of Rome welfare assistance welfare economics