Izvestiya of Saratov University.
ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)


TRANSFER POLICY

The Theory of Welfare: Redistribution and Efficiency

The article reviews major theoretical approaches to state’s redictribution policies; the role of these policies in forming public welfare is shown. For a contemporary society, the existence of a conflict between social equality and economic efficiency is one of the characteristic features. Market economy equilibrium may be looked for basing on determining the public optimum.