Understanding the Finance of Welfare

Much has happened to the funding of social policy and the economy since the first edition of this book, especially in pensions and social care. In response, much of the book has been revised and all the figures and tables have been updated. The second edition of this best-selling textbook begins by reviewing the range of ways in which basic human needs can be met and summarises in an accessible way the economic literature on why markets and even governments can fail in this respect.