Found 3 article(s) for author 'Welfare Economics'

On Welfare Economics in the Principles Course

On Welfare Economics in the Principles Course. N. Gregory Mankiw, 2016, Paper, “I much enjoyed reading these articles by Steve Schmidt and Jonathan B. Wight on the normative underpinnings of how we teach introductory economics. I have long believed that teaching the fundamentals of economics to the next generation of voters is among the highest callings of our profession. It is therefore useful to regularly reflect on whether we are doing it well and how we might do it better.Link

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Happiness and social institutions

Happiness and social institutions. Amartya Sen, 2016, Book Chapter, “Dante lamented in The Divine Comedy, ‘Born to ascend on the wings, / Why do ye fall at such a little wind?’1 Why indeed? The contrast between the great things human beings can achieve and how limited the lives most men and women end up having is truly remarkable. Dante’s question, from the early fourteenth century, remains very much alive even today. The potentialities of human beings to lead a good life, to be contented and happy, to be free to choose the kind of life they want to have far exceed what typically we, in fact, manage to do.Link

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Growth and the Smart State

Growth and the Smart State. Philippe Aghion, March 5, 2014, Paper. “As countries develop, the main driver of economic growth shifts from imitation to innovation. These two sources of growth require different policies and institutions. In particular, in this article we argue that the transition from an imitation-based to an innovation-based economy calls the old welfare state model into question. It is not so much the size of the state that is at stake but rather its governance. What we need to foster economic growth in developed economies is not a reduced state but a strategic state…” Link

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