Nicholas Barr Quote

Thus social insurance, in sharp contrast with actuarial insurance, can cover not only risk but also uncertainty.


Chapter 5, Insurance, p. 117 - Economics Of The Welfare State (Fourth Edition)


Thus social insurance, in sharp contrast with actuarial insurance, can cover not only risk but also uncertainty.

Thus social insurance, in sharp contrast with actuarial insurance, can cover not only risk but also uncertainty.

Thus social insurance, in sharp contrast with actuarial insurance, can cover not only risk but also uncertainty.

Thus social insurance, in sharp contrast with actuarial insurance, can cover not only risk but also uncertainty.