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Nicholas Barr Quotes

Nicholas Barr FRSA is a British economist, currently serving as professor of public economics at the London School of Economics . He received his Ph.D. in economics as a Fulbright Scholar from the University of California, Berkeley and his MSc in economics from LSE. According to his LSE biography, he has worked for the World Bank, "from 1990 to 1992 working on the design of income transfers and health finance in Central and Eastern Europe and Russia, and in 1995–96 as a principal author of the World Bank's World Development Report 1996: From Plan to Market." He also served as an advisor to the British, Chinese and South African governments.Since 1987, he has published four editions of his series, Economics of the welfare state, the last published in 2012. of which was published in 2004. According to Amazon.com, he has published the following books:



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✵ 1943
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Nicholas Barr: 23 quotes0 likes

Famous Nicholas Barr Quotes

“Money income is a flawed measure of individual welfare.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 6, Problems Of Definition And Measurement, p. 128

“The welfare state is the outcome of diverse forces over nearly four centuries of developing social policy.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 15, Conclusion, p. 349

“The European Commission uses an explicit relative poverty line of 60 per cent of national average income.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 6, Problems Of Definition And Measurement, p. 132

“Markets can be efficient or inefficient; so can governments. thus market failure is a counterpoint to government failure.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 4, State Intervention, p. 93

“In a world of certainty, the welfare state has only a small role.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 4, State Intervention, p. 79

“Unless the countries of East Asia are very different, rising incomes and the weakening of extended family ties will lead to demands for rising social expenditure.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 15, Conclusion, p. 358

Nicholas Barr Quotes about health

“A 'socialist' country like Sweden has a highly articulated welfare state; Denmark and New Zealand (which are not highly industrialized) were among the first countries with a public system of old-age pensions; and Saskatchewan was the first Canadian province to have publicly organized health insurance.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 2, The Historical Background, p. 39

“Efficiency advantages and disadvantages are more finely balanced than with health care - one person's 'sign of a civilized society' is another's 'society is going to the dogs.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 13, School Education, p. 309

“The crucial point is that any system of health care must constitute a genuine strategy-ad hoc tinkering is a guaranteed road to disaster.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 12, Health And Health Care, p. 290

Nicholas Barr Quotes about education

“Given the external benefits higher education creates, it is efficient that taxpayers subsidies should be a permanent part of the landscape.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 14, Higher Education, p. 329

“Education to the extent that it raises an individual's future earnings, increases her future tax payments; in the absence of any subsidy, an individual's investment in education confers a 'dividend' on future taxpayers.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 13, School Education, p. 297-298

“So far as school education is concerned, many of the assumptions necessary for market efficiency fail, the main problems being imperfect information, imperfect capital markets, and external effects.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 13, School Education, p. 318

Nicholas Barr Quotes

“It is argued that regulators are frequently captured by those whom they are supposed to regulate.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 4, State Intervention, p. 88-89

“there is an efficiency case for an institutional welfare state.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 4, State Intervention, p. 93

“A society is a cooperative venture for the mutual advantage of its members.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 3, Political Theory: Social Justice And The State, p. 42

“A reduction in the liberty of the least well off cannot be justified even if it is to their economic advantage.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 3, Political Theory: Social Justice And The State, p. 49

“We need a welfare state of some sort for efficiency reasons, and would continue to do so even if all distributional problems were solved.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 15, Conclusion, p. 354

“By 'trading' (i. e. pooling), individuals can acquire certainty.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 5, Insurance, p. 105

“It has been argued that relatively poor people will borrow to buy a house, so why not to buy a degree?”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 14, Higher Education, p. 323

“Thus social insurance, in sharp contrast with actuarial insurance, can cover not only risk but also uncertainty.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 5, Insurance, p. 117

“Perfect competition must hold in product and factor markets, and also (and importantly) in capital markets. The assumption has two essential features: economic agents must be price takers; and they must have equal power.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 4, State Intervention, p. 73

“It is the welfare state that has made capitalism, with all its attendant benefits of economic growth, politically feasible…”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 15, Conclusion, p. 359

“First, the welfare state is not a subject apart, but fits naturally into the framework of economic analysis. Secondly, the theoretical arguments support the existence of the welfare state not only for well known equity reasons but also - and powerfully - in efficiency terms.”

Nicholas Barr

Source: Economics Of The Welfare State (Fourth Edition), Chapter 1, Introduction, p. 3

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