Monday, November 28, 2011

Occupy Economics

Economics
Concerns about the impact of growing economic inequality fit neatly into a larger critique of mainstream economic theory and its deep faith in the efficiency of markets.
Willingness to use the C-word (capitalism) often signals concerns about a concentration of economic power that unfairly limits individual choices, undermines political democracy, generates financial and ecological crises and limits access to alternative economic ideas.

At the final plenary session of the conference, titled “Ethics and Economics,” participants discussed an “Economists’ Statement” in support of Occupy Wall Street that has been posted online at Econ4, a new site aimed at popular economics education. As of Nov. 27, the statement had gotten more than 220 signatures.
Populist anger — whether from the left or from the right — typically challenges conventional wisdom. In a startling opinion piece recently published in The Wall Street Journal, Sarah Palin urges the Occupy protesters to realize that Washington politicians have been “Occupying Wall Street” long before anyone pitched a tent in Zuccotti Park.
So how can we solve throughout the economic crisis? 
GDP equality could be one of the solutions to the concerns.

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