EUI Working Paper: SPS, Volumes 4-10European University Institute, 1993 - Europe |
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Page 7
justified in functional terms , measures proposed by the Commission in the social
field must be compatible with the " economic constitution " of the Community , that
is , with the principles of a liberal economic order . This requirement creates an ...
justified in functional terms , measures proposed by the Commission in the social
field must be compatible with the " economic constitution " of the Community , that
is , with the principles of a liberal economic order . This requirement creates an ...
Page 8
fundamental theorem of welfare economics states that under certain conditions ,
competitive markets lead to a ... a set of rationales for government interventions
acceptable , in principle , even to the advocates of a liberal economic order .
fundamental theorem of welfare economics states that under certain conditions ,
competitive markets lead to a ... a set of rationales for government interventions
acceptable , in principle , even to the advocates of a liberal economic order .
Page 9
If there are no market failures the 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 ...
If there are no market failures the 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 ...
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Common terms and phrases
activities agency areas argument benefits Changes Commission Common Agricultural Policy common market Community completion concerning considered consumer protection costs Council countries dimension directives distinct distribution economic Educational effects efficiency elements environment environmental environmental protection equal EUI Working Paper Europe European European Social European University Institute European welfare example externalities fact Federal field function Fund future Germany Giandomenico MAJONE giving government intervention health and safety historical implementation important improving income increasing individuals Industries innovation institutions integration interest internal introduced issues Italy justified legislation limited majority meaning measures meet Member migrant workers occupational health policymaking political possible present principle programme proposals qualified reasons recent redistribution regime regions regulatory represent requirements significant social policy social regulation social security solutions space standards Title traditional Treaty values welfare workers
Bibliographic information
| Title | EUI Working Paper: SPS, Volumes 4-10 EUI Working Paper: SPS, European University Institute. Department of Political and Social Sciences |
| Contributor | European University Institute. Department of Political and Social Sciences |
| Publisher | European University Institute, 1993 |
| Export Citation | BiBTeX EndNote RefMan |