Showing posts with the label
Welfare Economics
The Red Cross made a promise to Haiti to help provide homes following the 2010 earthquake that devastated the region. They promised they would build hundreds of thousands of homes for people who h…
Well here's another report that should put growth fetishists on the defensive. Before you start talking about endogeneity biases and how employment is related to economic growth, do note that the…
One of the main innovations to emerge from the marginal revolution was the idea of utilitarianism. That is, economic definitions of value began to acquire more hedonic overtones: what does x or y mea…
Claiming no great comparative advantage in terms of football insight, I was somewhat surprised by the reception received by a post I made recently on how financially dodgy English football powerhous…
I serendipitously came across French economist Daniel Cohen's Three Lectures on Post-Industrial Society while looking for another book at the British Library of Political and Economic Science. N…
I've been waiting for this. About a year ago , I got wind of French President Nicolas Sarkozy commissioning Nobel laureates Joseph Stiglitz and Amartya Sen to lead an effort to develop alternativ…
I have constantly harped on the theme that GDP is a highly imperfect indicator of welfare, although I am hardly unique in this respect. For instance, the Easterlin paradox highlights how gains in ma…
