Markets especially global ones are widely assumed to be antithetical to agenerous welfare state. This book shows why this is not necessarily the case.Based on t... » 

Markets especially global ones are widely assumed to be antithetical to agenerous welfare state. This book shows why this is not necessarily the case.Based on the key idea that social protection in a modern economy both insideand outside the state can be understood as protection of specific investmentsin human capital the book offers a systematic explanation of popularpreferences for redistributive spending the economic role of political partiesand electoral systems and labor market stratification including genderinequality. «