“Von Hayek was wrong. In strong and vibrant democracies, a generous social-welfare state is not a road to serfdom but rather to fairness, economic equality and international competitiveness.”

"Welfare States, Beyond Ideology", Scientific American 295, 42 (2006)

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Jeffrey D. Sachs 29
American economist 1954

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“Perhaps as important is the relation between the existence of solutions to a competitive equilibrium and the problems of normative or welfare economics.”

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