by Petar Stankov

Economic Freedom and Welfare before and after the Crisis
Editions:Paperback: € 120.00 EUR
ISBN: 978-3-319-87328-2
Pages: 172
Hardcover: € 117.00 EUR
ISBN: 978-3-319-62496-9
ePub: € 92.00 EUR
ISBN: 978-3-319-62497-6

Economic Freedom and Welfare 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 economic policy across countries over the past 45 years, welfare differences persist. Stankov posits that the crisis has stalled the momentum of economic freedom reforms across the globe and policy agendas have gradually shifted from pro-market to pro-redistribution. Economic Freedom and Welfare argues that this shift is inevitable: market-oriented economics, Stankov notes, is the natural bedfellow of populism. Through rigorous empirical methodology and the use of various case studies, Stankov is among the first to offer an empirical explanation. The benefits of the book in short:

  • Provides regression analysis for each area of human welfare
  • Takes an empirical approach to recent trends in economic freedom
  • Examines after-crisis policy responses and their welfare implications

About Petar Stankov

Peter StankovPetar Stankov is Senior Assistant Professor of Economics at the University of National and World Economy (UNWE) in Sofia, Bulgaria. Stankov has published on economic growth, financial crises, inequality and institutional reforms. He has taught economics for 10 years at the UNWE, the Anglo-American University in Prague, the Prague School of Economics, and the American University in Bulgaria.

Table of Contents of Economic Freedom and Welfare

  1. Introduction
  2. Contemporary Views on Welfare and Reforms
  3. Policies and Reforms
  4. Policy Convergence vs. Welfare Convergence
  5. Welfare and Reforms: Evidence
  6. Crises, Welfare, and Populism
  7. Conclusion