Showing posts with label Future of economics. Show all posts
Showing posts with label Future of economics. Show all posts
Sunday, January 30, 2022

Would a good society seek to maximize a social welfare function?

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 This article is about my personal experience in attempting to understand social welfare, the concept of a good society, and my role as an e...
Thursday, November 25, 2021

How useful is the WELLBY concept in assessing the benefits and costs of alternative policies?

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  There are good reasons why public policy discussions often revolve around the benefits and costs of alternative policies. Discussions that...
Monday, October 4, 2021

Why should economists practice humanomics?

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  Adam Smith practiced humanomics. It came naturally to him. The famous pioneer of economic science did not need to pretend that humans have...
Tuesday, May 19, 2020

How is behavioral economics relevant to human flourishing?

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The practitioners of behavioral economics have tended to direct their research findings mainly at “choice architects”, including pater...
Tuesday, January 8, 2019

Will blockchain enhance our opportunities to seek mutual benefit in cooperative enterprises?

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As noted in my review of The Community of Advantage, Robert Sugden suggests that it is appropriate for people to adopt the principl...
Tuesday, January 1, 2019

When can economists adopt a contractarian approach to provision of policy advice?

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Cartoon by Peter Nicholson: from this site Robert Sugden explains his use of the term ‘contractarian’ thus:   “the most fundamen...
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Tuesday, December 11, 2018

Isn't it good to be able to get what you want by helping others to get what they want?

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When I was at university studying neoclassical welfare economics - about half a century ago - the standard discussion of the bene...