Current Events > Top 20 things economists agree on. How many do you agree with, CE?

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Balrog0
12/04/17 4:35:18 PM
#1:


PV8Wuzi

19/20 for me
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GODTIER
12/04/17 4:40:09 PM
#2:


I don't come on CE to do homework
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Romes187
12/04/17 4:52:45 PM
#3:


I can't believe 21% of economists don't think that raising the minimum wage will result in an increase in unemployment of unskilled workers
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averagejoel
12/04/17 5:10:39 PM
#4:


I agree with 1 out of the first 5 and I don't care enough to read the rest
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Sativa_Rose
12/04/17 5:42:42 PM
#5:


As someone with a Bachelor's degree in Economics, I agree with virtually all of them. The only one that stands out to me as something I am skeptical about is

12. Cash payments increase the welfare of recipients to a greater degree than do transfers-in-kind of equal cash value.

The only reason I am skeptical is that I worry that cash payments may have a tendency to get squandered in drugs, alcohol, gambling, and other frivolous spending as opposed to being invested in something related to education or something, but I can also see how giving people cash would make it easier for them to use it on the things they need. Also it could improve perceived well-being which might be what really matters to people more than how one performs on things typically measured to make inferences about one's well-being.
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Kaname_Madoka
12/04/17 5:43:14 PM
#6:


GODTIER posted...
I don't come on CE to do homework

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fire_bolt
12/04/17 5:50:21 PM
#7:


16/20

A few of them are the kind of thing that sounds good on paper but doesn't actually work in practice
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EnterTheTekken
12/04/17 5:50:32 PM
#8:


Sativa_Rose posted...
As someone with a Bachelor's degree in Economics, I agree with virtually all of them. The only one that stands out to me as something I am skeptical about is

12. Cash payments increase the welfare of recipients to a greater degree than do transfers-in-kind of equal cash value.

The only reason I am skeptical is that I worry that cash payments may have a tendency to get squandered in drugs, alcohol, gambling, and other frivolous spending as opposed to being invested in something related to education or something, but I can also see how giving people cash would make it easier for them to use it on the things they need. Also it could improve perceived well-being which might be what really matters to people more than how one performs on things typically measured to make inferences about one's well-being.


I'm glad you mentioned this one. So what is a "transfer-in-kind"? Is that what food stamps, or WIC represent? I also agree that straight cash can lead to suspect purchases, but people even find loopholes with the WIC (tobacco products, booze).
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Tmaster148
12/04/17 5:51:17 PM
#9:


Out of curiosity which one don't you agree with TC?
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Sativa_Rose
12/04/17 5:55:47 PM
#10:


EnterTheTekken posted...
Sativa_Rose posted...
As someone with a Bachelor's degree in Economics, I agree with virtually all of them. The only one that stands out to me as something I am skeptical about is

12. Cash payments increase the welfare of recipients to a greater degree than do transfers-in-kind of equal cash value.

The only reason I am skeptical is that I worry that cash payments may have a tendency to get squandered in drugs, alcohol, gambling, and other frivolous spending as opposed to being invested in something related to education or something, but I can also see how giving people cash would make it easier for them to use it on the things they need. Also it could improve perceived well-being which might be what really matters to people more than how one performs on things typically measured to make inferences about one's well-being.


I'm glad you mentioned this one. So what is a "transfer-in-kind"? Is that what food stamps, or WIC represent? I also agree that straight cash can lead to suspect purchases, but people even find loopholes with the WIC (tobacco products, booze).


That is how I interpreted it, also stuff like housing vouchers would apply I think.
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Balrog0
12/04/17 5:58:20 PM
#11:


Tmaster148 posted...
Out of curiosity which one don't you agree with TC?


14

but its not exactly that I disagree, to me it seems like a kind of ethical question that is difficult for me to give an easy thumbs up or thumbs down to, while all of the rest are pretty easy in that regard
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Balrog0
12/04/17 5:59:04 PM
#12:


Sativa_Rose posted...
EnterTheTekken posted...
Sativa_Rose posted...
As someone with a Bachelor's degree in Economics, I agree with virtually all of them. The only one that stands out to me as something I am skeptical about is

12. Cash payments increase the welfare of recipients to a greater degree than do transfers-in-kind of equal cash value.

The only reason I am skeptical is that I worry that cash payments may have a tendency to get squandered in drugs, alcohol, gambling, and other frivolous spending as opposed to being invested in something related to education or something, but I can also see how giving people cash would make it easier for them to use it on the things they need. Also it could improve perceived well-being which might be what really matters to people more than how one performs on things typically measured to make inferences about one's well-being.


I'm glad you mentioned this one. So what is a "transfer-in-kind"? Is that what food stamps, or WIC represent? I also agree that straight cash can lead to suspect purchases, but people even find loopholes with the WIC (tobacco products, booze).


That is how I interpreted it, also stuff like housing vouchers would apply I think.


yes, anything that isn't generally accepted as cash is a transfer in kind

most 'welfare' in the US is of that variety
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Tmaster148
12/04/17 6:00:19 PM
#13:


Balrog0 posted...
Tmaster148 posted...
Out of curiosity which one don't you agree with TC?


14

but its not exactly that I disagree, to me it seems like a kind of ethical question that is difficult for me to give an easy thumbs up or thumbs down to, while all of the rest are pretty easy in that regard


Somehow I felt like that might of been it. Although the US government is clearly engaging in redistributing the wealth from the poor to the rich atm.
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Webmaster4531
12/04/17 6:03:26 PM
#14:


Economics is such a scummy snake oil profession.
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Ad Hominem.
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averagejoel
12/04/17 6:07:47 PM
#15:


Webmaster4531 posted...
Economics is such a scummy snake oil profession.

so much of it is based on the idea that money is more important than people
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Webmaster4531
12/04/17 6:12:34 PM
#16:


averagejoel posted...
Webmaster4531 posted...
Economics is such a scummy snake oil profession.

so much of it is based on the idea that money is more important than people

I wouldn't say that. My problem with it is it isn't a science like they want you to believe. It's a social "science" that can be bought by the highest bidder.
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Ad Hominem.
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