Welfare state

form of government that protects and promotes the economic and social well-being of its citizens

economic system combining public and private production

range of public services provided by the government, private, and non-profit organisations

economic theory of development

Eurosclerosis (German: Eurosklerose) is a term coined by German economist Herbert Giersch in the 1970s, to describe a pattern of economic stagnation in Europe that was alleged to have resulted from government over-regulation and overly generous social benefits policies. The term alludes to the medical term sclerosis, and is a rhyme of the archaic term neurosclerosis.

period in British political history, 1945 to 1970s

opposition to austerity measures, especially in Europe

political-economic model common across Europe

public services to be kept maintained during emergencies

political and economic philosophy