Race to the bottom is a socio-economic concept describing a scenario in which individuals or companies compete in a manner that incrementally reduces the utility of a product or service in response to perverse incentives. For example, in the 1970s, car manufacturers in the United States competed to create safer cars primarily by increasing car weight, spurring their competitors to respond by manufacturing even-heavier cars. Over years, this resulted in much larger, fuel-inefficient vehicles with no improved safety. This phenomenon is in contrast with traditional competition (economics), which tends to improve goods and services.
A welfare state is a form of government in which the state protects and promotes the economic and social well-being of its citizens, based upon the principles of equal opportunity, equitable distribution of wealth, and public responsibility for citizens unable to avail themselves of the minimal provisions for a good life.
Social insurance is a form of social welfare that provides insurance against economic risks. The insurance may be provided publicly or through the subsidizing of private insurance. In contrast to other forms of social assistance, individuals' claims are partly dependent on their contributions, which can be considered insurance premiums to create a common fund out of which the individuals are then paid benefits in the future.
Aaron Wildavsky was an American political scientist known for his pioneering work in public policy, government budgeting, and risk management.
Social welfare, assistance for the ill or otherwise disabled and the old, has long been provided in Japan by both the government and private companies. Beginning in the 1920s, the Japanese government enacted a series of welfare programs, based mainly on European models, to provide medical care and financial support. During the post-war period, a comprehensive system of social security was gradually established. Universal health insurance and a pension system were established in 1960.
National health insurance (NHI), sometimes called statutory health insurance (SHI), is a system of health insurance that insures a national population against the costs of health care. It may be administered by the public sector, the private sector, or a combination of both. Funding mechanisms vary with the particular program and country. National or statutory health insurance does not equate to government-run or government-financed health care, but is usually established by national legislation. In some countries, such as Australia's Medicare system, the UK's National Health Service and South Korea's National Health Insurance Service, contributions to the system are made via general taxation and therefore are not optional even though use of the health system it finances is. In practice, most people paying for NHI will join it. Where an NHI involves a choice of multiple insurance funds, the rates of contributions may vary and the person has to choose which insurance fund to belong to.
Historical institutionalism (HI) is a new institutionalist social science approach that emphasizes how timing, sequences and path dependence affect institutions, and shape social, political, economic behavior and change. Unlike functionalist theories and some rational choice approaches, historical institutionalism tends to emphasize that many outcomes are possible, small events and flukes can have large consequences, actions are hard to reverse once they take place, and that outcomes may be inefficient. A critical juncture may set in motion events that are hard to reverse, because of issues related to path dependency. Historical institutionalists tend to focus on history to understand why specific events happen.
Laurence Jacob Kotlikoff is an American economist who has served as a professor of economics at Boston University since 1984. A specialist in macroeconomics and public finance, he has contributed to a range of fields, including climate change and carbon taxation, the global macroeconomic transition and the future of economic power, inequality, fiscal progressivity, economic guides to personal financial behavior, banking reform, marginal taxation and labor supply, healthcare reform, and social security. He is the author of over 20 books, and his scholarly articles have been published in a range of journals, including the American Economic Review, the Quarterly Journal of Economics, and the Journal of Political Economy.
Paul Elliot Starr is a professor of sociology and public affairs at Princeton University. He is also the co-editor and co-founder of The American Prospect, a notable liberal magazine created in 1990. In 1994, he founded the Electronic Policy Network, or Moving Ideas, an online public policy resource. In 1993, Starr was the senior advisor for President Bill Clinton's proposed health care reform plan. He is also the president of the Sandra Starr Foundation.
Paul Pierson is an American professor of political science specializing in comparative politics and holder of the John Gross Endowed Chair of Political Science at the University of California, Berkeley. From 2007-2010 he served at UC Berkeley as Chair of the Department of Political Science. He is noted for his research on comparative public policy and political economy, the welfare state, and American political development. His works on the welfare state and historical institutionalism have been characterized as influential.
Social inequality occurs when resources within a society are distributed unevenly, often as a result of inequitable allocation practices that create distinct unequal patterns based on socially defined categories of people. Differences in accessing social goods within society are influenced by factors like power, religion, kinship, prestige, race, ethnicity, gender, age, sexual orientation, intelligence and class. Social inequality usually implies the lack of equality of outcome, but may alternatively be conceptualized as a lack of equality in access to opportunity.
In the United States, health insurance helps pay for medical expenses through privately purchased insurance, social insurance, or a social welfare program funded by the government. Synonyms for this usage include "health coverage", "health care coverage", and "health benefits". In a more technical sense, the term "health insurance" is used to describe any form of insurance providing protection against the costs of medical services. This usage includes both private insurance programs and social insurance programs such as Medicare, which pools resources and spreads the financial risk associated with major medical expenses across the entire population to protect everyone, as well as social welfare programs like Medicaid and the Children's Health Insurance Program, which both provide assistance to people who cannot afford health coverage.
In the United States, the federal and state social programs including cash assistance, health insurance, food assistance, housing subsidies, energy and utilities subsidies, and education and childcare assistance. Similar benefits are sometimes provided by the private sector either through policy mandates or on a voluntary basis. Employer-sponsored health insurance is an example of this.
The history of health care reform in the United States has spanned many decades with health care reform having been the subject of political debate since the early part of the 20th century. Recent reforms remain an active political issue. Alternative reform proposals were offered by both of the major candidates in the 2008, 2016, and 2020 presidential elections.
The RAND Corporation is an American nonprofit global policy think tank, research institute, and public sector consulting firm. RAND Corporation engages in research and development (R&D) in a number of fields and industries. Since the 1950s, RAND research has helped inform United States policy decisions on a wide variety of issues, including the space race, the Vietnam War, the U.S.-Soviet nuclear arms confrontation, the creation of the Great Society social welfare programs, and national health care.
Tax expenditures are government revenue losses from tax exclusions, exemptions, deductions, credits, deferrals, and preferential tax rates. They are a counterpart to direct expenditures, in that they both are forms of government spending.
This bibliography of Bill Clinton is a selected list of generally available published works about Bill Clinton, the 42nd president of the United States. Further reading is available on Bill Clinton, his presidency and his foreign policy, as well as in the footnotes in those articles.
Lawrence R. Jacobs is an American political scientist and founder and director of the Center for the Study of Politics and Governance (CSPG) at the University of Minnesota. He was appointed the Walter F. and Joan Mondale Chair for Political Studies at the University of Minnesota's Humphrey School of Public Affairs in 2005 and holds the McKnight Presidential Chair. Jacobs has written or edited, alone or collaboratively, 17 books and over 100 scholarly articles in addition to numerous reports and media essays on American democracy, national and Minnesota elections, political communications, health care reform, and economic inequality. His latest book is Democracy Under Fire: Donald Trump and the Breaking of American History. In 2020, he was elected a Fellow of the American Academy of Arts and Sciences.
The "visible hand" is an economic concept describes the replacement of the regulatory function of the market mechanism by government intervention. Simply put, it refers to government intervention.
Kenneth Frederick Scheve Jr. is an American political economist.
