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First, the welfare state is not a subject apart, but fits naturally into the framework of economic analysis. Secondly,the theoretical arguments support the existence of the welfare state not only for well known equity reasons but also - and powerfully - in efficiency terms.

— Nicholas Barr

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A society is a cooperative venture for the mutual advantage of its members.

" there is an efficiency case for an institutional welfare state."

In a world of certainty, the welfare state has only a small role.

It has been argued that relatively poor people will borrow to buy a house, so why not to buy a degree?

It is argued that regulators are frequently captured by those whom they are supposed to regulate.

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Quote text and notes from Wikiquote: Nicholas Barr (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.