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Work and Welfare:
Solow condemns the welfare reforms recently passed by Congress and President Clinton for confronting welfare recipients with an unworkable choice -- finding work in the current labor market or losing benefits. He argues that the only practical and fair way to move recipients to work is, in contrast, through an ambitious plan to guarantee that every able-bodied citizen has ...more
Published September 13th 1998 by Princeton University Press
(first published January 1st 1998)
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Short but very worthwhile. The balance between poverty-alleviating handouts and poverty-alleviating work is, from the perspectives of fairness, dignity of labour and social equanimity, strongly tilted towards labour. But developing policies supporting these perspectives is vastly complicated by the existence of children needing support, zero marginal product workers and disability. Solow's talks, together with those of his interlocutors, does an excellent job of preparing the reader to think ...more
Very interesting. "A market econonomy has a hard time dealing humanely with a very wide inequality of earning capacities," says Solow. This book (a series of lectures with some commentaries by a few other professors) addresses the difficulties. Suggested solutions may be politically unworkable.