welfare economics

What Are The Main Features Of Marshall Definition?

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What Are The Main Features Of Marshall Definition? The main features of Marshall’s definition of economics are: Study of material requisites of well-being: This definition indicates that Economics deals with the material aspects of well-being. Thus, it studies the materialistic aspects of economic welfare. What is Marshall’s definition of economics? – Alfred Marshall. Economics is

Which Philosopher Gave The Idea Of Welfare State?

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Which Philosopher Gave The Idea Of Welfare State? The earliest and most comprehensive philosophical justification for the welfare state was produced by an American, the sociologist Lester Frank Ward (1841–1913), whom the historian Henry Steele Commager called “the father of the modern welfare state”. Who is called Father of social welfare state? William Beveridge is