This quick note from the WSJ shows the percentage of income that comes from the government. What positive economic statements could come from this data? What are some normative implications that stem from this?
One of the most polarizing debates in economics and politics usually comes about when government aid is brought up. In this article from the WSJ a few positive economic statements are stated based on data from the Census Bureau. Is anything from this report striking to you? Does the normative decision of should the government increase aid during a recession depend on income level, occupation, race, or some other factor? How are ethics and normative economics related?
About the Blog
This is the blog containing resources for all courses and presentations. For updates on required current events readings, podcasts, and videos subscribe to the RSS Feed