The political economy of a universal basic income: "your view of what is feasible should not be backwards looking. The normalization of gay marriage and legalization of marijuana seemed utopian and politically impossible until very recently. Yet in fact those developments are happening, and their expansion is almost inevitable given the demographics of ideology... UBI — defined precisely as periodic transfers of identical fixed dollar amounts to all citizens of the polity — is by far the most probable and politically achievable among policies that might effectively address problems of inequality, socioeconomic fragmentation, and economic stagnation." [more inside]
- Welfare economics: an introduction
- The perils of Potential Pareto
- Inequality, production, and technology
- Welfare theorems, distribution priority, and market clearing
- Normative is performative, not positive
UN Climate Report: We Must Focus On 'Decarbonization', and It Won't Wreck the Economy - "The basic message is simple: We share a planet. Let's start acting like it." [more inside]
In Praise of Leisure - "Imagine a world in which most people worked only 15 hours a week. They would be paid as much as, or even more than, they now are, because the fruits of their labor would be distributed more evenly across society. Leisure would occupy far more of their waking hours than work. It was exactly this prospect that John Maynard Keynes conjured up in a little essay published in 1930 called 'Economic Possibilities for Our Grandchildren.' Its thesis was simple. As technological progress made possible an increase in the output of goods per hour worked, people would have to work less and less to satisfy their needs, until in the end they would have to work hardly at all... He thought this condition might be reached in about 100 years — that is, by 2030." (via) [more inside]
Homelessness: Cutting out the middle men (Economist) "The most efficient way to spend money on the homeless might be to give it to them". [more inside]
Economist Steven Levitt, author of Freakonomics, has long posited a controversial thesis that legalized abortion help reduced crime, by reducing unwanted children, prone to crime. However, a new paper argues that Levitt (& Donohue) made serious errors in their research. Properly analysed, abortion has no significant effect on crime. Levitt disagrees, of course.
That "liberal bastion" PBS and that "wacky" Christian Right AGREEING on something? Does the "Sith Lord of unbridaled capitalism" really deserve to be hated? Does it bear watching? A new movie will take a look: (Registration -free link). Why are growing numbers "ready to join the ranks of all right-thinking people the world over in declaring Wal-Mart an outpost of hell on earth"??? The full 60 minute Frontline program video is available online.