17 questions · 9 almanac · 0 findings

Welfare Economics and Social Choice

How societies aggregate preferences and evaluate well-being.

Almanac Economics Learns to Show Its Work
  • How did economics change as a discipline once Paul Samuelson's 'Foundations of Economic Analysis' imposed mathematical rigor on it?
Almanac No Vote Can Be Perfectly Fair
  • What does Arrow's impossibility theorem actually prove about voting systems?
  • In what sense does Arrow's theorem end up being clarifying rather than simply bleak?
Almanac Paying What You Think It's Worth
  • What problem was Mirrlees solving when he analyzed how a government should design income tax without observing citizens' true abilities?
Almanac Famine Is a Failure to Claim, Not to Grow
  • How did Amartya Sen show that famines can occur even while food is still being exported from the affected region?
  • What is the difference between measuring poverty by income and measuring it by Sen's idea of capabilities?
  • How did Sen's work influence the creation of the United Nations' Human Development Index?
Almanac The Commons Nobody Ruined
  • What is the 'tragedy of the commons' and what solutions did economists traditionally propose for it?
  • How did Elinor Ostrom find that communities like Maine fishing villages managed shared resources sustainably without privatization or government control?
  • What was notable about Ostrom being the first woman to win the economics Nobel?
Almanac Paying Officers Extra to Stay Honest
  • How was the Bangkok Metropolitan Police's anti-bribery bonus scheme supposed to change officer incentives?
  • Why is it difficult to measure whether the scheme actually reduced bribery?
Almanac Heavier Cabinets, Higher Corruption Scores
  • How did Blavatskyy measure the body-mass index of post-Soviet cabinet ministers?
  • What relationship did the study find between politicians' weight and national corruption scores?
  • Why does the study stop short of claiming a causal mechanism between weight and corruption?