…#2: What should be the role of supply and demand theory and, in particular, the welfare interpretation of it? Mankiw feels welfare economics gets short shrift in the typical intro…

…higher welfare of the poor. This can cause higher average welfare. Finally (as noted by Thurow) everyone can prefer the outcome with higher average welfare (even if they have lower…

…Address, Olivier Blanchard notes that the argument that higher debt causes increased welfare is weaker than the argument that it is feasible. The Treasury can afford to increase debt D_t…

The American Economic Review is publishing an article by Samuel Norris, Matthew Pecenco, and Jeffrey Weaver that suggests parental incarceration has benefits for children: Every year, millions of Americans experience…

…can be restricted to promote the general welfare.  Of course we can argue about how the balance between different rights and the public welfare should be struck in particular cases,…

…put the welfare of the general populace, or the environment first. These governmental economic policies are often nominally formed around one or more economic schools of thought. Collaboratively, these economic…

…welfare of all of a nation’s population is chargeable to it’s economy. If that economy’s economic model is, and it most likely is, constructed to benefit one group above all…

…Medicaid, getting food stamps, and she is collecting welfare under each of her names.” There was such a woman, but she was a dangerous criminal rather than a representative welfare recipient….

…total welfare of Christmas is the spread of Christmas joy. Similarly, baby subscription services like 123babybox.com also aim to maximize the welfare of families with young children by providing them with the…

…know why). I have three thoughts. The first (as in my old post) is that there is clear evidence that AFDC (pre-reformed welfare) had an important effect on deep poverty….