The Cato authors argue that using the proceeds from a carbon tax to cut other taxes will not produce a net improvement
in economic welfare if we divorce that conversation from any consideration of environmental benefits.
Members of the Institution are at the forefront of high - technology industry and play a major role
in the economic welfare of their countries as well as in the quality of life.
Are improvements
in economic welfare so connected to increases in GNP that, despite the differences between economic welfare and market activity, it is appropriate to continue to use GNP as a way of measuring economic success?
We suspected that the decline in correlation of improvement
in economic welfare and growth in market activity had continued, and we thought that using a widely recognized measure, developed by respected economists, would give some authority to the results.
Not exact matches
A good part of Putin's political success has been based on his record of improving people's
welfare, but with no relief
in sight for Russia's
economic troubles, it may only be a matter a time before the general populace begins to feel the pinch more sharply.
Already
in Brazil, the region's biggest economy, President Dilma Rousseff is starting to roll out a more conservative message of austerity, including cuts
in unemployment and
welfare benefits, to tame a record budget deficit widened by the biggest
economic slowdown
in 25 years.
No democracy
in the world has been sustained over time without some independent institution that stands up for and advances worker rights, interests and
economic welfare.
«I think the self - driving car has the opportunity to not only improve productivity for the people
in the car, which will be a huge
economic boost for those people; Not only has the opportunity to save lives — over a million people die worldwide
in road deaths today caused by human drivers, and I think we can take that very close to zero, which is very good for both human
welfare and for
economic productivity — it's a very serious dent
in productivity when people get killed; And then all the ancillary industries that end up getting built out.»
So it is perhaps appropriate that the most intuitive explanation for the effects of an improvement
in terms of trade on
economic welfare that I've seen came from Governor or the Reserve Bank of Australia Glenn Stevens:
In determining monetary policy, the Bank has a duty to maintain price stability, full employment, and the
economic prosperity and
welfare of the Australian people.
Williams joined the Sherwood Foundation
in September 2006, where she has developed a diverse portfolio focusing primarily on child
welfare, family
economic well - being, and social and racial justice.
We, on the other hand, view it with hope: because more than anything, the events of the past few days show that the truth is getting out — the truth that capital markets simply can not exist under the authoritarian rule of central planners, the truth that the stock market is a casino
in which the best one can hope for a quick flip, and finally the truth that our entire socio -
economic regime, whose existence has been predicated by borrowing from the uncreated wealth of the future, and where accumulated debt could be wiped out at the flip of a switch if things go wrong
in the process obliterating the
welfare of billions (of less than 1 % ers), is one big lie.
The CPTPP raises real Gross Domestic Product (GDP) for the parties as a group by about 0.075 per cent, generating
economic welfare benefits of about $ 17.5 B
in current Canadian dollars by 2035.
SEEKING MORE - INCLUSIVE GROWTH By Gordon Platt After strong
economic growth
in 2011, the six nations of the Gulf Cooperation Council are spreading the wealth by putting a priority on non-oil job creation and social
welfare.
Arguably his signature achievement is to have radically reduced the fiscal capacity of the federal government, and with it, the broader role of government
in advancing the
economic and social
welfare of Canadians.
Through the 1950s, however, all Christians of whatever stripe held to what Wilcox calls «the ideology of familism» that invested marriage, childbearing, and the household with sacredness, and
in which, at least since the Industrial Revolution, men were the chief
economic providers while the domestic sphere and the
welfare of the children were chiefly the domain of women.
Announcing his resignation (below) to the world he said: «I believe we've made great steps, with more people
in work than ever before
in our history, with reforms to
welfare and education, increasing people's life chances, building a bigger and stronger society, keeping our promises to the poorest people
in the world and enabling those who love each other to get married whatever their sexuality, but above all restoring Britain's
economic strength.»
In order to show that increasing total production does not improve human
welfare, we have developed an Index of Sustainable
Economic Welfare (ISEW) for the United States.
Basically their figures showed that growth
in gross product and growth
in welfare rose together from 1939 to 1947 but that since then a large continuing growth
in product was accompanied by very little improvement as judged by the Measure of
Economic Welfare.
My point is only that rough approximations to measuring
economic welfare strongly suggest that the time for viewing increase
in gross product as the appropriate goal for national policy is ended.
But we have no doubt that
in the United States sustainable
economic welfare is declining while the Gross National Product rises.
If it turned out that
in the twenty years after 1965 continuing growth of GNP had not been accompanied by improved
economic welfare, then surely it was time for a national discussion of how
welfare could be improved.
They may allow «national planning» of a sort (as
in France); they may allow
welfare programs; they may allow some progressive taxation; but what they will not allow is an invasion of the autonomy of the private corporation so that
economic decisions can be coordinated and made on a basis other than profits.
«Utopia - writing,» she argues, interacted with social experimentation and the more popular imagination to create social innovations
in every sphere from the
economic (the trade union movement, profit - sharing, social security, scientific management) through political (parliamentary democracy, universal suffrage) to the social (universal education, child
welfare practices, women s «emancipation,» New Towns, social planning.
Along with health and social
welfare, education too has become a commodity
in the market with self - financed technical institutions imparting training
in technical and managerial skills for employment
in Trans - national
economic enterprises to those who can afford it.
Moreover, violence is always used
in the conviction that it is the only means adequate for attaining a noble end — social justice, the nation's
welfare, elimination of criminals (for the political or social enemy is always considered a criminal), radical change of the
economic structures.
In his foreword to Venkatesh's book, Wilson speaks of the rights denied to American citizens to «basic
economic welfare and security.»
The IME and WB insist on reducing the role of the State
in economic life and
in public social
welfare.
Secondly, he continued to be concerned about the
economic welfare of the Apostles
in Jerusalem.
«Is the church a genuinely creative source of human
welfare, or does it merely share
in and decorate the goods created by
economic and other secular forces?»
In the meantime, the economy that cooperated with welfare reform by providing jobs and economic confidence in the late 1990s has turned sou
In the meantime, the economy that cooperated with
welfare reform by providing jobs and
economic confidence
in the late 1990s has turned sou
in the late 1990s has turned sour.
The result is that America is a nation deeply divided between people who are concerned about real - life issues — war and peace, social justice, the health and
welfare of people — on one hand, and other people who are concerned, instead, about «values,» by which they mean adherence to ancient taboos, dependence on a magical God, enforcing acceptance of ancient creeds, requiring everyone to believe as they do, and finding safety
in raw (though often hidden) social and
economic power.
The U.S. led
in dismantling the
welfare state and the national economy — the dominant
economic system of the first decades after World War II.
If we draw a broader picture of what is important to human beings, the leveling off of sustainable
welfare in economic terms would be replaced by a definite decline
in overall human terms.
Believers need to learn about the ways
in which marriage advances the emotional, social, and
economic welfare of children.
There are many respects
in which these measures omit positive contributions to
economic welfare and ignore what is harmful.
When efforts have been made to measure
economic welfare in distinction from gross product, the results have generally showed greater divergence than economists generally like to suppose.
In order to defeat underdevelopment, action is required not only on improving exchange - based transactions and implanting public welfare structures, but above all on gradually increasing openness, in a world context, to forms of economic activity marked by quotas of gratuitousness and communio
In order to defeat underdevelopment, action is required not only on improving exchange - based transactions and implanting public
welfare structures, but above all on gradually increasing openness,
in a world context, to forms of economic activity marked by quotas of gratuitousness and communio
in a world context, to forms of
economic activity marked by quotas of gratuitousness and communion.
Nevertheless, I am confident that our figures are much more indicative of actual change
in sustainable
economic welfare than is GDP.
This indicated a marked decline
in the usefulness of GNP figures, if the goal is improved
economic welfare.
This means that
economic goals like liquidation of poverty and unemployment, distribution of
welfare, narrowing the gulf between the rich and the poor, people's participation
in the
economic process, accountability of
economic centres to the people,
economic self - sufficiency and similar other
economic purposes are jeopardized because the market is not concerned with them.
With this addition, the decline
in sustainable
economic welfare turns out to be considerable.
It would seem more rational to draw the conclusion that
in the circumstances of the time, increasing GDP was a rather ineffective way of improving
economic welfare.
We could focus on overcoming the first of the assumptions noted, an assumption that is not part of
economic theory but rather of contemporary politics, namely, the primacy of the economy
in shaping human
welfare.
Partly it has been a function of imitation, beginning
in the nineteenth century with Bismarck's social
welfare programs
in Germany, and partly it has been prompted by international
economic competition, again starting
in the nineteenth century, with national governments playing an increasing role
in regulating and promoting all forms of
economic activity.
But the most important questions
in framing a measure of
economic welfare have to do with what contributes to sustainable well - being.
Although one could argue that we are wrong
in subtracting certain things or
in using the values we do at various points, and so claim that
economic welfare has
in fact not declined
in recent years, it would be equally possible to reintroduce leisure into our calculations and end up with figures indicating a more drastic decline.
If you agree that environmental deterioration is important, that net international capital is a significant consideration, and that a nation is better off economically when the gap between the rich and the poor is narrowed, then our figures will be useful to you
in evaluating how much correlation there is between changes
in per capita GNP and
economic welfare.
Yet when their results are examined more carefully, they would seem, at the very least, to call for close monitoring of the economy with the distinction between improving
economic welfare and growth of GNP
in mind.
In order to appreciate the full force of these results, it is helpful to understand that the Index of Sustainable
Economic Welfare accepts the most basic assumption underlying the work of Nordhaus and Tobin and all others who have devised measures of economic
Economic Welfare accepts the most basic assumption underlying the work of Nordhaus and Tobin and all others who have devised measures of
economic economic welfare.