Saving for Life-time Risks |
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| Authors: | Arthur SeLdon |
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| Institution: | Arthur Seldon is a Founder President of the IEA: Founder Editor of Economic Affairs. Academic interests: the economics of democracy, government, politics, bureaucracy and the increasing tension between government and the market. Main publications: Pensions in a Free Society, IEA, 1957;After the NHS, IEA, 1968;The Great Pensions Swindle, Tom Stacey, 1970;Capitalism, Blackwell, 1990;The State is Rolling Back, E. &L. Books and IEA, 1994. |
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| Abstract: | The welfare state, and especially the state pension system, has lessened the British people's prudential urge to save. The free market would have ensured that competition invigorated traditional methods of saving and introduced new ones. |
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