Forgot your password?  

Capitalism and Freedom Chapter Summary & Analysis - Chapter 11, Social Welfare Measures Summary

This Study Guide consists of approximately 37 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Capitalism and Freedom.
This section contains 513 words
(approx. 2 pages at 300 words per page)
Purchase our Capitalism and Freedom Study Guide

Chapter 11, Social Welfare Measures Summary and Analysis

The sentiments that produced the progressive income tax also produced a number of "welfare" measures such as social security, public housing, minimum wages, farm price supports, special aid, and so on. Friedman will largely discuss the unintended effects of these programs and will analyze old age and survivor's insurance.

Public housing is often defended on public externality grounds. Those without housing will often impose costs on the community in terms of greater public services, but this does not argue for public housing but higher taxes for the sort of housing that adds to social cost. Public housing can only be justified on paternalist grounds, in Friedman's view.

Further, public housing has involved destroying housing units to make new room and has reduced the amount of space and increased the number of persons per unit. Special interests also came to...

(read more from the Chapter 11, Social Welfare Measures Summary)

This section contains 513 words
(approx. 2 pages at 300 words per page)
Purchase our Capitalism and Freedom Study Guide
Copyrights
Capitalism and Freedom from BookRags and Gale's For Students Series. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.
Follow Us on Facebook