The Impoverished Rhetoric of the US Welfare State

2017 ◽  
Vol 116 (793) ◽  
pp. 324-327
Author(s):  
Kimberly J. Morgan

A new book lays blame for the weak social safety net on political rhetoric that justifies government aid as an individual right and not a public good–a tradition that dates back to the New Deal.

2003 ◽  
Vol 5 (2) ◽  
pp. 143-165 ◽  
Author(s):  
Claire Annesley

A number of recent accounts of UK social policy under New Labour have emphasised the continuing Americanisation of the British welfare state. This article does not deny the influence of the US but rather seeks to balance it with an account of the growing Europeanisation of UK social policy. It argues that Americanisation and Europeanisation are distinct in terms of both content and process. Since these are not mutually exclusive, the UK is currently influenced by both. This situation is illustrated by looking at three social policy issues under New Labour: social exclusion, the New Deal and the treatment of lone parents.


2020 ◽  
Vol 119 (820) ◽  
pp. 326-328
Author(s):  
Mary F. E. Ebeling

An ethnographic study of the work of nurse practitioners at an outpatient care facility shows how these medical professionals must endlessly multitask to fill gaps in the US social safety net. In the context of the COVID-19 pandemic, a new focus on the essential work of nurses and the lack of resources with which they often contend is especially timely.


Author(s):  
Yangyang Ji

Abstract Eggertsson (2012, American Economic Review, 102, 524–55) finds that when the nominal interest rate hits the zero lower bound, the aggregate demand (AD) curve becomes upward-sloping and supply-side policies that reduce the natural rate of output, such as the New Deal implemented in the 1930s, are expansionary. His analysis is restricted to a conventional equilibrium where the AD curve is steeper than the aggregate supply (AS) curve. Recent research, however, demonstrates that an alternative equilibrium arises if the AD curve is flatter than the AS curve. In that case, the same policies become contractionary. In this article, I allow for both possibilities, and let data decide which equilibrium the US economy actually resided in during the Great Depression. Following the work of Blanchard and Quah (1989, American Economic Review, 79, 655–73), I find that there is a high probability that New Deal policies were contractionary. (JEL codes: E32, E52, E62, N12).


2021 ◽  
Vol 21 (64) ◽  
Author(s):  

Korea entered the COVID-19 pandemic with sound macroeconomic fundamentals and a resilient financial system. The initial outbreak led to a sharp decline in economic activity and employment and generated substantial economic slack. With the help of an effective COVID-19 containment strategy and comprehensive economic policy response, the overall impact was smaller than in peers, with real GDP growth in 2020 of -1.0 percent. The economy is projected to grow 3.4 percent in 2021, albeit at varying speeds across sectors, and with a high degree of uncertainty centered on the speed of normalization in the COVID situation. Public debt has risen and deficits have widened but remain at manageable levels. Credit continues to grow rapidly, financial markets have normalized quickly, and the financial sector has remained relatively sound to date despite the pandemic. The authorities are pursuing greener and more digital growth, along with a stronger social safety net, through the Korean New Deal.


2007 ◽  
Vol 2 (4) ◽  
pp. 409-418 ◽  
Author(s):  
KATHLEEN CAREY ◽  
JAMES F. BURGESS, JR ◽  
GARY J. YOUNG

Abstract:A moratorium in the US on referrals of Medicare and Medicaid patients to new cardiac, orthopedic, or surgical specialty hospitals by physician-investors was recently lifted, yet the considerable controversy stirred by this growing hospital organizational form continues. This paper calls attention to the peculiar trade-offs introduced by entry of these specialty hospitals, and highlights distinctions among their different types. New policy approaches should be open to the notion that all physician-owned specialty hospitals need not necessarily be regulated in the same way. And caution will be required not to compromise the capacity of community general hospitals to service more complex patients and to maintain the social safety net.


2008 ◽  
Vol 74 (1) ◽  
pp. 3-32 ◽  
Author(s):  
Jefferson Cowie ◽  
Nick Salvatore

Abstract“The Long Exception” examines the period from Franklin Roosevelt to the end of the twentieth century and argues that the New Deal was more of an historical aberration—a byproduct of the massive crisis of the Great Depression—than the linear triumph of the welfare state. The depth of the Depression undoubtedly forced the realignment of American politics and class relations for decades, but, it is argued, there is more continuity in American politics between the periods before the New Deal order and those after its decline than there is between the postwar era and the rest of American history. Indeed, by the early seventies the arc of American history had fallen back upon itself. While liberals of the seventies and eighties waited for a return to what they regarded as the normality of the New Deal order, they were actually living in the final days of what Paul Krugman later called the “interregnum between Gilded Ages.” The article examines four central themes in building this argument: race, religion, class, and individualism.


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