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Old 09-08-2016, 02:43 PM   #21
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Yes, I think we are coming together on this. The issue of late that is gaining more press worldwide is income inequality and what should be done about that. To me, this issue sounds like how can capitalism and socialism be harmonized to create economic justice or are they to remain mutually exclusive.

That said, I think this subject is a political hot potato that would certainly lead to a closed thread.

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Old 09-08-2016, 03:01 PM   #22
Give me a museum and I'll fill it. (Picasso)
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Individuals, and, for the most part, corporations, can largely ignore societal inequalities, at least in the short run, as long the overall economy is functioning at a relatively high level. Governments, rightly or wrongly, have to consider equality, inasmuch as a concentration of either wealth or poverty, when those become unbalanced enough, causes the natives to get restless... Of course, the methods used, and the degree to which governments intervene or not, has been, and will be, debated ad nauseum.

It's fair to say that our economy is free-market/capitalist, subject to government/societal whims influences. Must be in a relative sweet spot, since pretty much everyone is po'd... :-P

Anyway, I'm rusty on both Adam Smith/Milton Friedman and Keynes/Stiglitz, but I think universities should discuss both ideologies, including real-world examples of the good, bad, and ugly of both...

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Old 09-08-2016, 05:10 PM   #23
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Originally Posted by HFWR View Post
Must be in a relative sweet spot, since pretty much everyone is po'd... :-P

Usually a good sign. :-)

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Old 09-08-2016, 07:38 PM   #24
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If I suddenly decided to study economics, I would poke my nose into ecological economics.

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