Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/Welfare Theorems

Marginal benefits

by cactus How much are all those folks at the various TARP corporate welfare recipients worth? We’re being deluged with stories about how many executives at such institutions are leaving…

Deficits Debt and Capital Formation

…$5 the effect on welfare is much less than $10, but when it goes from $10,000,000,000,000 to $ 10,000,000,000,010 then the social cost is much migher (maybe even $1). Yglesias’…

Revanche

…2. Concern for the ordinary citizens’ welfare is allowed and actually encouraged. (Is this in opposition to corporate welfare?). For comments, remember we need names to call each other that…

Drug testing for those being bailed out

…say no to drugs. Lawmakers in at least eight states want recipients of food stamps, unemployment benefits or welfare to submit to random drug testing. The effort comes as more…

The Smartest Morons in the Room

…batch of nation-wide theft could never have been anticipated by the folks at Goldman, Welfare, Queen, & Sachs and is merely, for them, a fortuitous accident. But the ending is…

Kevin Drum makes me blow a gasket

…people. Obama’s proposal has shifted the debate to whether a refundable tax credit is welfare. The Republicans can’t win this one. He has finally used the argument that Republicans can’t…

General Equilibrium theory and Finance

…is easy to write down a model in which the volume of trade is zero. In standard models agents who do not maximize welfare are introduced to cause trading volume…