European Union and Welfare Economics – Reasoned Through Some Papers of Sir Angus Deaton
European Union and Welfare Economics – Reasoned Through Some Papers of Sir Angus Deaton

Author(s): Atanas I. Vladikov
Subject(s): Politics / Political Sciences, Politics, Economy, Welfare systems, EU-Accession / EU-DEvelopment, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: welfare economics; inequalities; poverty; consumption; economic development; EU economic policies
Summary/Abstract: In this report, a comparison is made between the classical paradigm of welfare economics and its application in the European Union, based on the understanding of the Nobel laureate in Economic Sciences – Sir Angus Deaton. The report discusses the challenges facing the institutional establishment of the EU, positioned on the principles of federalism without the EU being a federal state. In practice, the „fiscal federalism” for building the US welfare economy is currently not possible to be implemented by and through the institutions of EU without changing the two main treaties – the Treaty on EU /TEU/ and the Treaty on the Functioning of the EU /TFEU/.

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