Ecumenical Poverty Initiative is proud to announce that we have endorsed the Poor People’s Campaign: A National Call for Moral Revival. In state capitols and Washington, D.C., policies that promote systemic racism, poverty, the war economy, and ecological devastation are threatening our democracy and decaying our national morality. We refuse to be silent in the face […]
Economics for Advocates: The Tragedy of the Commons
The tragedy of the commons refers primarily to a basic demonstration that pure utility-maximizing economic logic leads to a situation in which everyone winds up worse off than they would have if they had cooperated. The phrase “Tragedy of the Commons” is from Garrett Hardin’s 1968 article of the same name in the journal Science. […]
Economics for Advocates: Preferences and Social Welfare
A physicist, a chemist, and an economist are stranded on a desert island. A can of beans washes ashore. They debate how to open it. The physicist says, “let’s smash the can open with a rock,” The chemist says, “let’s build a fire and heat it first.” The economist says, “Let us assume we have […]
