Tuesday, February 17, 2009

Stimulating the Economy... and society?

It's easy with an economic stimulus package to focus on concrete economic benefits and costs. One example of that would have to be the issue of employment. However, in most economic and/or public policy analysis there are also social costs and benefits associated with any policy. There have been a few prestigious economists and financial writers who have written on the pros and cons and also the potential social cost/benefits of the economic stimulus package.

Here's a few,

The social side of things:

Gregory Clark

Marshall Loeb

Economic costs:

Ray Fair via Greg Mankiw

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