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| Author: | Williams, M. Reuten, G. |
| Title: | The contradictory imperatives of welfare and economic policy in the mixed economy |
| Journal: | Review of Political Economy
1997 : OCT, VOL. 9:4, p. 411-432 |
| Index terms: | POLITICAL ECONOMY WELFARE POLICY |
| Language: | eng |
| Abstract: | The abstract basis of the policy-economy relation is examined in order to comprehend the current economic limitations upon feasible politics. It is argued that contemporary mixed-economies have a deontological (rights/obligations based) rather than a consequentialist (outcomes-based) legitimation, expressing the conflict between the imperatives of the market-regulated capitalist economy and free will. Yet the state has to be concerned with the right to the particular existence of individuals, neglected by the logic of the economy. |
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