How Social Insurance Became Confused with Socialism

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Class & Inequality :: Philosopher Elizabeth Anderson has written an article [below] in which she analyzes and reviews the political and economic theories of Thomas Paine, Friedrich Hayek, and others. Anderson identifies the roots of modern systems of social insurance in Paine's Agrarian Justice. She traces the history of the idea and its implementation through the late 1800s — when German Chancellor Otto von Bismarck instituted the world's first social insurance scheme — and on to…
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