Sublime
An inspiration engine for ideas
I call the second principle the Principle of Growth Plus Rights: The Principle of Growth Plus Rights: Inviolable human rights, where applicable, should constrain the quest for higher economic growth.
Tyler Cowen • Stubborn Attachments: A Vision for a Society of Free, Prosperous, and Responsible Individuals
One dollar in tax cuts may only cost the government eighty cents in lost revenue (or fifty cents in extreme cases), as government is taking a smaller slice of a bigger pie.
Charles Wheelan • Naked Economics: Undressing the Dismal Science (Fully Revised and Updated)
Over time, an increasing percentage of what we spend on government is spent on optional rather than core services because the core services tend to have been around longer. Another way of putting it is to say that the marginal value of added government, even if positive, falls as government grows larger. This statement is not antigovernment; it’s j
... See moreTyler Cowen • The Great Stagnation: How America Ate All The Low-Hanging Fruit of Modern History, Got Sick, and Will (Eventually) Feel Better: A Penguin eSpecial from Dutton
He broke with neoclassical thinking by observing that what might be rational for an individual acting in isolation might be bad for everyone as a whole. An example of this is “the paradox of thrift”: In a recession, a reasonable thing for me to do is to start saving more than I did before, but if everyone does it, the aggregate level of demand in t
... See moreRaj Patel • The Value of Nothing: How to Reshape Market Society and Redefine Democracy
Samuelson deeply understood and relished this influence because he saw the college freshman’s mind as a blank slate. ‘I don’t care who writes a nation’s laws – or crafts its advanced treatises – so long as I can write its economics textbooks,’ he declared in later years, ‘The first lick is the privileged one, impinging on the beginner’s tabula rasa
... See moreKate Raworth • Doughnut Economics: The must-read book that redefines economics for a world in crisis
providing a guaranteed basic income
Keith Payne • The Broken Ladder: How Inequality Changes the Way We Think, Live and Die
"It's like a nephew who becomes dependent on a very rich, doting uncle," said William McDonough, who was president of the Federal Reserve Bank of New York until 2003. "Suddenly the uncle dies and leaves the money to someone else, or decides he doesn't love the nephew anymore and cuts him off. You can ask, who's responsible—the uncle
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