VARIETIES OF CAPITALISM AND WELFARE STATES

Narmin Baghirzade
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Narmin Baghirzade: The Károly Ihrig Doctoral School of Management and Business, University of Debrecen

SEA - Practical Application of Science, 2020, issue 23, 163-168

Abstract: Regarding numerous investigations, a welfare state is a product of industrialization and responds to the changes related to capitalism’s new stage. The relation between a state and a market can determine some features of welfare states, in particular, size and range. Welfare states implicate market economy tools and social welfare policies. If they work together, not hindering each other, but being in harmony, economic prosperity can be reached. Several topics should be involved to get complex answers. In this paper, to get answers to the questions: “How the relation between a state and a market can affect the range of Welfare States?”, “Is there any analogy between a type of political economy and a welfare state?” several theories will be analyzed and summarized.

Keywords: Welfare State; Capitalism (search for similar items in EconPapers)
JEL-codes: D60 H53 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2020:i:23:p:163-168

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