Tim Kane says that the patient suffers from economic symptoms but that the biological origins of the economic health problems are genetically based in the DNA of the U.S. Constitution. He suggests that fiscal policy be treated like monetary policy with a Super Committee like the Federal Reserve which is removed from short term electoral influences.
{"title":"Debt and Democracy","authors":"Tim J. Kane","doi":"10.1515/1553-3832.1895","DOIUrl":"https://doi.org/10.1515/1553-3832.1895","url":null,"abstract":"Tim Kane says that the patient suffers from economic symptoms but that the biological origins of the economic health problems are genetically based in the DNA of the U.S. Constitution. He suggests that fiscal policy be treated like monetary policy with a Super Committee like the Federal Reserve which is removed from short term electoral influences.","PeriodicalId":42390,"journal":{"name":"Economists Voice","volume":"9 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2012-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1515/1553-3832.1895","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66786442","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Tackling health care costs is critical – Dean Baker suggests we unleash the forces brought foreign trade in health care services and personnel. The benefits are obvious but the impediments are great.
{"title":"The Broken Health Care System: The Real Long-Term Deficit Problem","authors":"D. Baker","doi":"10.1515/1553-3832.1896","DOIUrl":"https://doi.org/10.1515/1553-3832.1896","url":null,"abstract":"Tackling health care costs is critical – Dean Baker suggests we unleash the forces brought foreign trade in health care services and personnel. The benefits are obvious but the impediments are great.","PeriodicalId":42390,"journal":{"name":"Economists Voice","volume":"566 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2012-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1515/1553-3832.1896","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66786799","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
T he year 2012 is shaping up to be a banner year for proponents of marijuana legalization. Voters in Colorado, Oregon and Washington will consider legalization ballot measures on Election Day. Federal prohibition notwithstanding, these measures would begin the ending of prohibitions of not just medical marijuana, but also marijuana for recreational consumption. However, as California showed with an illplanned Proposition 19 in 2010, merely proposing to legalize marijuana is not enough to win over the electorate; voters should only consider proposals with a properly planned tax and regulatory policy. This paper lays out a potential regulatory framework of a legalized marijuana market. The proposed framework is founded on the goals in transitioning from a prohibition to a regulated market, and utilizes lessons learned from the taxation and regulation of other “sin” industries.
{"title":"Grass is Always Greener When It's Legal: Policies for State Regulated Marijuana","authors":"E. Cohen, R. Mcgowan","doi":"10.1515/1553-3832.1923","DOIUrl":"https://doi.org/10.1515/1553-3832.1923","url":null,"abstract":"T he year 2012 is shaping up to be a banner year for proponents of marijuana legalization. Voters in Colorado, Oregon and Washington will consider legalization ballot measures on Election Day. Federal prohibition notwithstanding, these measures would begin the ending of prohibitions of not just medical marijuana, but also marijuana for recreational consumption. However, as California showed with an illplanned Proposition 19 in 2010, merely proposing to legalize marijuana is not enough to win over the electorate; voters should only consider proposals with a properly planned tax and regulatory policy. This paper lays out a potential regulatory framework of a legalized marijuana market. The proposed framework is founded on the goals in transitioning from a prohibition to a regulated market, and utilizes lessons learned from the taxation and regulation of other “sin” industries.","PeriodicalId":42390,"journal":{"name":"Economists Voice","volume":"9 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2012-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1515/1553-3832.1923","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66787816","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We are walking out today to join a Boston-wide march protesting the corporatization of higher education as part of the global Occupy movement. Since the biased nature of Economics 10 contributes to and symbolizes the increasing economic inequality in America, we are walking out of your class today both to protest your inadequate discussion of basic economic theory and to lend our support to a movement that is changing American discourse on economic injustice.
{"title":"Occupy Economics","authors":"Michael Beggs","doi":"10.1515/1553-3832.1901","DOIUrl":"https://doi.org/10.1515/1553-3832.1901","url":null,"abstract":"We are walking out today to join a Boston-wide march protesting the corporatization of higher education as part of the global Occupy movement. Since the biased nature of Economics 10 contributes to and symbolizes the increasing economic inequality in America, we are walking out of your class today both to protest your inadequate discussion of basic economic theory and to lend our support to a movement that is changing American discourse on economic injustice.","PeriodicalId":42390,"journal":{"name":"Economists Voice","volume":"9 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2012-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1515/1553-3832.1901","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66787309","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Comment on DeLong: Why is Economics in Crisis?","authors":"Lonnie K. Stevans","doi":"10.2202/1553-3832.1870","DOIUrl":"https://doi.org/10.2202/1553-3832.1870","url":null,"abstract":"Why is economics in crisis? Just look at the curriculum or the obscure articles we publish, says Lonnie Stevans of Hofstra University.","PeriodicalId":42390,"journal":{"name":"Economists Voice","volume":"8 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2011-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.2202/1553-3832.1870","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68650997","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Understanding how the economy reacted to fiscal stimulus in the aftermath of the deepest recession of the last fifty years is essential. Joshua Aizenman of the University of California, Santa Cruz, and Gurnain Kaur Pasricha of the Santa Cruz Institute for International Economics and the Bank of Canada show that aggregate fiscal expenditure stimulus in the United States, properly adjusted for the declining fiscal expenditure of the fifty states, was close to zero in 2009. Furthermore, the USA is ranked at the bottom third in terms of the rate of expansion of the consolidated government consumption and investment of the 28 OECD countries they studied recently.
{"title":"The Net Fiscal Expenditure Stimulus in the US, 2008-9: Less than What You Might Think, and Less than the Fiscal Stimuli of Most OECD Countries","authors":"J. Aizenman, G. Pasricha","doi":"10.2202/1553-3832.1839","DOIUrl":"https://doi.org/10.2202/1553-3832.1839","url":null,"abstract":"Understanding how the economy reacted to fiscal stimulus in the aftermath of the deepest recession of the last fifty years is essential. Joshua Aizenman of the University of California, Santa Cruz, and Gurnain Kaur Pasricha of the Santa Cruz Institute for International Economics and the Bank of Canada show that aggregate fiscal expenditure stimulus in the United States, properly adjusted for the declining fiscal expenditure of the fifty states, was close to zero in 2009. Furthermore, the USA is ranked at the bottom third in terms of the rate of expansion of the consolidated government consumption and investment of the 28 OECD countries they studied recently.","PeriodicalId":42390,"journal":{"name":"Economists Voice","volume":"8 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2011-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.2202/1553-3832.1839","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68650430","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
So much for the Washington Consensus. The IMF has finally begun to come around and has realized that unfettered markets can create dangerous instability and inequality, according to Joseph Stiglitz of Columbia University.
{"title":"The IMF's Switch in Time","authors":"J. Stiglitz","doi":"10.2202/1553-3832.1855","DOIUrl":"https://doi.org/10.2202/1553-3832.1855","url":null,"abstract":"So much for the Washington Consensus. The IMF has finally begun to come around and has realized that unfettered markets can create dangerous instability and inequality, according to Joseph Stiglitz of Columbia University.","PeriodicalId":42390,"journal":{"name":"Economists Voice","volume":"8 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2011-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.2202/1553-3832.1855","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68650855","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Have economists forgotten what they once knew about financial markets, macroeconomics and their interactions? Brad DeLong of UC Berkeley certainly thinks so and interprets Larry Summers as saying the same.
{"title":"Economics in Crisis","authors":"DeLong J. Bradford","doi":"10.2202/1553-3832.1854","DOIUrl":"https://doi.org/10.2202/1553-3832.1854","url":null,"abstract":"Have economists forgotten what they once knew about financial markets, macroeconomics and their interactions? Brad DeLong of UC Berkeley certainly thinks so and interprets Larry Summers as saying the same.","PeriodicalId":42390,"journal":{"name":"Economists Voice","volume":"8 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2011-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.2202/1553-3832.1854","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68650812","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The U.S. economy clearly needs stimulation, but the Obama administrations plan for accelerated depreciation is an old economy approach to stimulating aggregate investment and unlikely to ease the Great Recession, according to Michael Cragg of Brattle Group and Joseph Stiglitz of Columbia University. The authors suggest alternative policies consisting of carefully designed carrots and sticks.
{"title":"Should the Government Invest, or Try to Spur Private Investment?","authors":"M. Cragg, J. Stiglitz","doi":"10.2202/1553-3832.1832","DOIUrl":"https://doi.org/10.2202/1553-3832.1832","url":null,"abstract":"The U.S. economy clearly needs stimulation, but the Obama administrations plan for accelerated depreciation is an old economy approach to stimulating aggregate investment and unlikely to ease the Great Recession, according to Michael Cragg of Brattle Group and Joseph Stiglitz of Columbia University. The authors suggest alternative policies consisting of carefully designed carrots and sticks.","PeriodicalId":42390,"journal":{"name":"Economists Voice","volume":"8 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2011-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.2202/1553-3832.1832","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68649822","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
J. Bradford DeLong, of UC Berkeley, is baffled by the presidents and prime ministers in the North Atlantic. Why, he wonders, do the powers that be insist on inflicting further economic misery?
{"title":"Pain without Purpose","authors":"J. DeLong","doi":"10.2202/1553-3832.1835","DOIUrl":"https://doi.org/10.2202/1553-3832.1835","url":null,"abstract":"J. Bradford DeLong, of UC Berkeley, is baffled by the presidents and prime ministers in the North Atlantic. Why, he wonders, do the powers that be insist on inflicting further economic misery?","PeriodicalId":42390,"journal":{"name":"Economists Voice","volume":"8 1","pages":""},"PeriodicalIF":0.4,"publicationDate":"2011-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.2202/1553-3832.1835","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68650364","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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