Economic Participation

Hats off to Chana Joffe-Walt for this amazing piece of investigative journalism on economic participation and our current disability safety net. So how do we build an economy that works for all our brothers and sisters so that “happiness on earth ain’t just for high achievers”?  For this, our blog journeys on…

 

What Economics Can Learn From The World of Sports

imageTwo economic indicators are broadly used to measure the health of our economy: GDP to measure wealth and performance, and the unemployment rate to measure participation. Unfortunately, with these two metrics guiding our economic policy, an economy of alarming wealth concentration has been the unintended consequence. The President has called income inequality and upward mobility the “defining challenge of our times”. The political right seems to be in agreement, but is nervous as to how it can be addressed without increased political centralization and the stifling of personal freedom. To this political debate I offer the following thought; that the economic model we seek balancing performance, competition, freedom, participation, local and global forces is already modeled for us by the world of sports. Continue reading

What Makes a Community?

imageMy most intense experience of community was college dorm life. At the University of Notre Dame, all dorms are single-sex and students have the opportunity to spend their entire undergraduate careers in the same building. Reflecting back on those years, I recognize six elements that I propose are foundational to community: Continue reading

What is the Purpose of Our Economy?

imagePerhaps a good starting point for our discussion of “In what economy do we flourish?” is to ask the question, what is the purpose of our economy? While admittedly over-simplistic, I propose that there are four primary economic motivations:

  • To Make Money (Financially Driven): Let’s be honest, we all need to eat and for most of us money is the way we make that happen. As a former budget analyst who’s married to a CPA, I am not willing to understate the importance of money (especially as many people have fought and continue to fight valiantly for fair wag Continue reading