Welfare economics
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level. A typical methodology begins with the derivation (...
As the Rich Get Richer, the Poor Get Rich Faster
The rich are getting richer, and the poor are... also getting richer. Don’t settle for the same old narrative. 👉http://l.prageru.com/2mlBhuE
The Wealthy Have Healed From Recession. The Poor Haven't Even Started.
The Great Recession and the subsequent recovery from it have deepened the wedge between the very wealthy and everyone else in America, plunging the poor deeper into debt and wiping out two-fifths of t...
This Billionaire Governor Taxed The Rich And Increased The Minimum Wage -- Now, His State's Economy Is One Of The Best In The Country
The next time your right-wing family member or former high school classmate posts a status update or tweet about how taxing the rich or increasing worker...
The Trans Pacific Partnership (TPP): The Most Criminal Treaty In History
As of 5 October 2015, a super-secret 12-nation treaty called TPP is set to be signed by the 12 nations, and the terms of this massive international contract will be kept secret until the contract h...
Wall Street Wages Double In 25 Years As Everyone Else’s Languish
Dear Wall Street: Stop complaining about your pay.Five years after Occupy Wall Street protesters took over Zuccotti Park in downtown Manhattan, spawning a national discussion about the divide between ...
20 Gadgets Which Make Life Simpler
Every day, we come up against annoying things that no one has ever found a way to resolve which works all the time. But in some cases, thanks to human ingenuity we are moving towards this. Here are 20...
Socialism in Denmark May Push Employment Rates Down to U.S. Levels, In 25 Years
CEPR is a non-partisan think tank focused on providing data based analysis of the most important economic and social issues. The Washington Post decided to correct the positive image of Denmark that S...
Understanding The Historic Divergence Between Productivity And A Typical Worker’s Pay: Why It Matters And Why It’s Real
The data series and methods we use to construct our graph of the growing gap between productivity and typical worker pay best capture how income generated in an average hour of work in the U.S. econom...
What This One-Percenter Says About The World’s Poorest 3.5 Billion People Is NOT “Fantastic News”
Sofie McAdam, True Activist Earlier this year, Oxfam released a shocking statistic on global wealth inequality and rising poverty: the wealth of the…
The 'Automotive Wealth Gap' Is On Display at the L.A. Auto Show - NBC News
e new Mercedes-Maybach S600 is not just the biggest vehicle in the German maker’s luxury line-up, it will also be the most expensive when it reaches showrooms next year. High-end luxury and extreme pe...
Altruism
Altruism or selflessness is the principle or practice of concern for the welfare of others. It is a traditional virtue in many cultures and a core aspect of various religious traditions and secular wo...
Economic efficiency
Economics is the social science that studies economic activity to gain an understanding of the processes that govern the production, distribution and consumption of goods and services in an economy.T...
Economic inequality
Economic inequality refers to how economic metrics are distributed among individuals in a group, among groups in a population, or among countries. Economists generally think of three metrics of econom...
Egalitarianism
Egalitarianism (from French égal, meaning "equal")—or, rarely, equalitarianism or equalism—is a trend of thought that favors equality for all people. Egalitarian doctrines maintain that all h...
Human Development Index
The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income indices used to rank countries into four tiers of human development. It was created by Indian econo...
Irish Poor Laws
The Irish Poor Laws were a series of Acts of Parliament intended to address social instability due to widespread and persistent poverty in Ireland. While some legislation had been introduced by the pr...
Market failure
In economics, 'market failure'is a situation in which the allocation of goods and services by a free market is not efficient. That is, there exists another conceivable outcome where a market participa...
Scottish Poor Laws
The Scottish Poor Laws were the statutes concerning poor relief passed in Scotland between 1579 and 1929. Scotland had a different Poor Law system to England and the workings of the Scottish laws diff...
Utility
Utility, or usefulness, is the (perceived) ability of something to satisfy needs or wants. Utility is an important concept in economics and game theory, because it represents satisfaction experienced ...
Pareto efficiency
Pareto efficiency, or Pareto optimality, is a state of allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off. The ter...
Normative economics
Normative economics (as opposed to positive economics) is a part of economics that expresses value or normative judgments about economic fairness or what the outcome of the economy or goals of public...
Income inequality
Economic inequality refers to how economic metrics are distributed among individuals in a group, among groups in a population, or among countries. Economists generally think of three metrics of econom...
Life satisfaction
Life satisfaction is the way a person evaluates his or her life and how he or she feels about where it is going in the future. It is a measure of well-being and may be assessed in terms of mood, sati...
Hoover index
The Hoover index, also known as the Robin Hood index, but better known as the Schutz index, is a measure of income metrics. It is equal to the portion of the total community income that would have to...