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You searched for: label/Welfare Theorems

General Equilibrium Theory by Popular Demand

…changes in welfare do to messing around with portfolios are numerous enough that a linear combination of such changes adds up to a vector with all positive elements — that…

Looting Social Security: (the Basics Revisited, Again)

…and call the effort ‘bi-partisan’. Peterson’s proposal would essentially dismantle the Social Security entitlement enacted in the New Deal, much as Bill Clinton repealed the right to welfare. Peterson has…

Do Economists Agree about Microeconomics ?

…not come from some wingnut welfare think tank, it comes from the University of Chicago where full professor Sam Peltzman makes the argument. I think that Kling guesses that all…

Forgotten troops…National Guard

…with the governor’s, to ensure Guard members’ welfare. Although a governor can’t order the Guard’s return, he or she does have the right to challenge federalization orders (mandates to call…

Minimum Wage: the Jimmy the Stock Boy Fallacy

…average national income, even average world income. The only question is how much should you give up in exchange for the welfare of others as the circles get bigger The…

Ruben Navarrette Picks His Pork

…Post Exchange (where the profits largely go to recreation and family welfare anyway). I am not sure why Navarrette focused in on this line item in the first place. Not…

Obama and Social Security: why NOT to worry

…suggestion that we target taxes in ways that move Social Security away from its insurance model and towards a welfare model. I believe in ‘Nothing’, the proven plan for Social…