Titlebook: Economic Freedom and Welfare Before and After the Crisis; Petar Stankov Book 2017 The Editor(s) (if applicable) and The Author(s) 2017 Eco

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Contemporary Views on Welfare and Reforms, recent work by both theoretical and empirical social scientists, does not provide a unanimously positive answer to the main question in this book: Did more economic freedom produce more welfare? The literature is reviewed on two levels: first, the overall impact of economic freedom on income per ca

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Policies and Reforms, Thus, reforms were undertaken in the spirit of the neo-liberal policy agenda of letting markets do their job, and limiting governments to simply set the stage for ever stronger private growth. The chapter also shows that, after 2008, governments around the world reverted to protective policy mood,

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Welfare and Reforms: Evidence,ze of government did not bring significantly more income per capita, nor increase consumption per capita, nor make lives longer or reduce income inequality. Improving property rights protection did have a positive effect on income and consumption growth. It did not produce a significant long-term ef

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Crises, Welfare, and Populism,t agendas increasingly sellable after the Crisis. The impact of five main factors both before the Great Recession, and after it, is explored: depth of recessions, unemployment, inflation, austerity and income inequality. The impact of migration is achnowledged but left out due to data limitations. F

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Conclusion,throughout the book, the methods, and the separate chapter findings. The chapter concludes with an intuitive policy recommendation stemming from the analysis: even though more economic freedom does not do much about welfare beyond raising incomes, it is necessary, because a rise in income is the sin

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https://doi.org/10.1007/978-3-658-09457-7nalysis: even though more economic freedom does not do much about welfare beyond raising incomes, it is necessary, because a rise in income is the single most important barrier for the march of populism after the Crisis.

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