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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
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
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
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
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
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
Posted in Economics and public policy, Politics - national
Tagged Bush, Costello, Economics and public policy, Krugman, Rudd, stimulus, trickle down, Trickle up
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