Browsing articles tagged with " economics"
Jul 23, 2013
econ4org
Comments Off on Top dogs and low lifes

Top dogs and low lifes

Check out this new research on the psychology of privilege and greed (or what some economists dub “rational behavior”):

Source: PBS News Hour.

Jul 23, 2013
econ4org
Comments Off on Why GDP fails to measure economic well-being

Why GDP fails to measure economic well-being

A primer on the defects of GDP as a measure of economic well-being, from Econ4’s James Boyce:

Source: The Real News Network.

Jul 11, 2013
boyce
Comments Off on Killer economics

Killer economics

“Econ 101 is killing America,” write Robert Atkinson and Michael Lind:

Even though most economists know better, they present to the public, the media and politicians a simplified, vulgar version of neoclassical economics — what can be called Econ 101 — that leads policymakers astray. Economists fear that if they really expose policymakers to all the contradictions, uncertainties and complications of “Advanced Econ,” the latter will go off track — embracing protectionism, heavy-handed “industrial policy” or even socialism.

Read their take on the myths of Econ 101 here.

Jul 7, 2013
boyce
Comments Off on Tax students, or polluters?

Tax students, or polluters?

From Robert Reich’s blog:

A basic economic principle is government ought to tax what we want to discourage, and not tax what we want to encourage.

For example, if we want less carbon dioxide in the atmosphere, we should tax carbon polluters. On the other hand, if we want more students from lower-income families to be able to afford college, we shouldn’t put a tax on student loans.

Read his post here.

Jul 2, 2013
boyce
Comments Off on Blame the unemployed?

Blame the unemployed?

Think about it: if labor supply exceeds labor demand – in other words, there are people who want to work but can’t find jobs – is the solution to expand labor supply? How could that help if there’s already excess labor supply?? Yet some politicians think that people aren’t working because unemployment benefits are too generous. Their solution: cut benefits, then the lazy bums will get out of their hammocks and look for work. And then we’ll get …  hmm … more people looking for work and not finding it.

Paul Krugman breaks it down in his New York Times column:

The war on the unemployed isn’t motivated solely by cruelty; rather, it’s a case of meanspiritedness converging with bad economic analysis.

 

Read his piece here.

Jun 29, 2013
econ4org
Comments Off on Grow the good, shrink the bad

Grow the good, shrink the bad

Econ4’s James Boyce writes that we need better measures of economic well-being, better public policies, and better language:

We need to move beyond the stale “pro-growth” versus “anti-growth” rhetoric of the past. It’s time to raise a new banner: Grow the good and shrink the bad.

 

Read more here.

Jun 17, 2013
econ4org
Comments Off on Unlocking our climate wealth

Unlocking our climate wealth

Econ4’s James Boyce on how to translate good principles into good practice:

Source: http://tedxtraversecity.com/videos/

May 31, 2013
boyce
Comments Off on Just do the math

Just do the math

Former Labor Secretary Robert Reich writes:

The means of most Americans haven’t kept up with what the economy could and should provide. The economy is twice as large as it was three decades ago, and yet the typical American is earning about the same, adjusted for inflation.

Read more here.

May 21, 2013
boyce
Comments Off on The ghost in the economy’s attic

The ghost in the economy’s attic

Econ4’s Gerald Friedman writes:

Even while scholarship has exposed the fallacy of austerity economics and this news has reached wide audiences through Twitter and the Colbert Report, the United States government is embracing austerity’s policy prescriptions… The ghost of bad austerity economics continues to haunt, and even to drive, the living.

Read his piece here.

Apr 24, 2013
boyce
Comments Off on Austerity’s emperors have no clothes

Austerity’s emperors have no clothes

Stephen Colbert skewers the Harvard economists whose flawed research underpins austerity politics:

http://www.colbertnation.com/the-colbert-report-videos/425748/april-23-2013/austerity-s-spreadsheet-error

Check out Colbert’s interview with UMass-Amherst economics graduate student Thomas Herndon, who showed that austerity’s emperors have no clothes:

http://www.colbertnation.com/the-colbert-report-videos/425749/april-23-2013/austerity-s-spreadsheet-error—thomas-herndon

Read all about it here and here.

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