Tag Archives: Economics and public policy

How welfare impacts on the poor

Attached is a post by James Kwak. It strongly rejects a comment by Caplan and Beaulier that Behavioral Economics will Undermine the welfare state by expanding the set of choices. Caplan and Beaulier believe that poor people are more inclined … Continue reading

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Any alternatives to a levy?

I might have preferred for the Government to take a risk with the surplus in 2012/13, and perhaps to have a go at middle-class welfare, but that would have been politically too hard. It has been seen as “an intellectual … Continue reading

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Economic growth and distributive justice

I have often worried about whether promoting ‘efficiency” – in the economic sense – ensures maximum well being where it makes some people better off but others worse off – even if the Kaldor-Hicks criterion is fully met e.g. by … Continue reading

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Watching what goes on in China is a vital part of the global ‘big picture’

(Originally published in the business pages of the Melbourne Age and Sydney Morning Herald, 24th March 2010) When I first began writing about the global economy, more than twenty-five years ago, what would be considered a reasonably comprehensive coverage for … Continue reading

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Quantifying Institutions

How can we quantify culture? This sounds ridiculous. It sounds like a quixotic intellectual conceit. But I think the idea is important to economics because of the way we are now using the concept of institutions to explain social and … Continue reading

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The Rise of Trickle-Up?

The one thing most people now agree on is that this global financial crisis is exactly that, that it is a crisis. It is very serious, historically significant in its size, global in its reach and at a time when … Continue reading

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