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Published on Aug 7, 2007
This video shows early discussion of the development of the British welfare statement after World War II including the National Health Service. William Beveridge - whose report/plan for social insurance was very influential - is interviewed. His name is now used by economists for the "Beveridge Curve," the relationship between the unemployment rate and the vacancy rate. However, Beveridge did not invent this curve; his name is affixed to it because he equated "full employment" (a goal of the welfare state) with a situation where the number of vacancies = number of unemployed.