Economic Freedom and Welfare Before and After the Crisis
This book offers an extensive review of market-oriented economic reforms since 1970, and considers the question of whether more liberal economic policy yields greater social welfare. The author demonstrates that, despite the widespread uniformity of econo
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Economic Freedom and Welfare Before and After the Crisis “Stankov provides a timely and perceptive analysis of the complex interaction between economic freedom and reforms of the widely discussed “Washington Consensus” and growth in incomes, inequality and multiple measures of individual and societal welfare. This should be required reading for anyone trying to understand the rise of populist political movements in recent years.” —Randall K. Filer, Professor of Economics, Hunter College and the CUNY Graduate Center, President, The CERGE-EI Foundaion “Anyone interested in the political economy of which economic policies achieve the best results will find a most comprehensive analysis covering the globe applying thorough quantitative analysis. Stankov concludes some but not all liberalising policies do improve welfare but frequently lead to greater inequality. This then leads into a novel exploration of how such circumstances generate the populism one sees so widespread today. Nothing could be more timely.” —Oleh Havrylyshyn, CASE Senior Fellow “With this volume Stankov offers both a comprehensive catalogue and review of the literature on economic freedom and a collection of new results concerning policy and welfare convergence that is timely and has international appeal. Economists and others who are researching and teaching in fields related to the area of economic freedom will find this book indispensable.” —Franklin G. Mixon, Jr., Columbus State University, USA
Petar Stankov
Economic Freedom and Welfare Before and After the Crisis
Petar Stankov University of National and World Economy Sofia, Bulgaria Reviewed by Franklin Mixon, Columbus State University Joshua Hall, West Virginia University Robert Lawson, Southern Methodist University
ISBN 978-3-319-62496-9 ISBN 978-3-319-62497-6 DOI 10.1007/978-3-319-62497-6
(eBook)
Library of Congress Control Number: 2017948308 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may
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