Nicholas Barr: Efficiency

Nicholas Barr is British economist. Explore interesting quotes on efficiency.

Nicholas Barr: 46 quotes0 likes

“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.”

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

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

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

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

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

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

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

“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.”

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

“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.”

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

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

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