Treating Pareto efficiency as a technocratic, apolitical standard masks a normative commitment to privileging present agents’ freedom of choice over future welfare. This undemocratic choice risks undermining the state’s long-term viability.
#Economics #Governance #WelfareEconomics #PoliticalEconomy

BasisPointInsight.com - How Cash Handouts Are Rewriting State Politics—and Budgets by Richard Fargose Popular cash transfer schemes may win elections but strain state budgets, risking long-term fiscal health and weakening sustainable development. by Richard Fargose, BasisPointInsight.com

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In his latest piece, Richard Fargose examines how the rise of transfer-led politics is reshaping state budgets; and what it means for the long-term stability of India’s public finances.

#FiscalHealth #IndiaEconomy #Governance #PublicPolicy #WelfareEconomics #StateFinances #FiscalDiscipline

July is chillier in #SanFrancisco than I’d wish (cue famous Mark Twain misquote)
Still, as in summers past, I find myself thinking of #swimming and warmer #water than the surrounding Pacific 🏊🏼 💧…and #welfareeconomics 🧵/1

A Path Beyond GDP and Shareholder Value - Global Solutions Initiative | Global Solutions Summit Marc Fleurbaey critiques GDP and profit metrics, advocating for welfare economics and stakeholder value to prioritize human and planetary well-being in a sustainable future.

Marc Fleurbaey critiques GDP and profit metrics, advocating for welfare economics and stakeholder value to prioritize human and planetary well-being in a sustainable future #GDP #capitalism #forprofit #economics #environment #welfareeconomics www.global-solutions-initiative.org/solution_spa...