Kendall P. Cochran believed that economists moved too far in the direction of analysis free of words like ought and should, and he devoted his career to establishing that economics is a moral science. Cochran’s articles collected herein argue persuasively that economists have a moral obligation to provide policy recommendations that are consistent with a social agenda of fairness and opportunity.
Economist Joseph Stiglitz on Trump’s Budget: ‘It Doesn’t Make Any Economic Sense’ | “It’s made up,” he said of the new budget. “You could say it’s a collection of lies put together. It doesn’t make any economic sense. I don’t think anybody who’s looked at it can fathom the economics.” Stiglitz explained which programs in particular would be decimated by the new budget
The concept of supply and demand is often called the heart and soul of economics. It is the foundation for much of what is studied in the field. Understanding how supply and demand affect the economy helps us recognize economics everywhere in our daily lives.
For all the people complaining about how Obama has tanked the economy - how about less Fox News, and more from folks who actually know something about economics - or at least know something about actual FACTS.