Essays about economic crisis

Economic Policy is delighted to welcome Tommaso Monacelli to the Editorial Board as Managing Editor. He is a Professor of Economics and the Director of the BA in Economic and Social Sciences (BESS) programme at Università Bocconi.

Monacelli was appointed as successor to Refet Gürkaynak, who will complete his term at the October 2016 panel meeting in Florence. Gürkaynak leaves Economic Policy after five years of service, and will be sadly missed by all at the journal. We wish him the very best of luck with his future endeavours.

The focus on individuals is so entrenched, however, that even those who think they’re taking social factors into account usually aren’t. This is as true of Murray’s critics as it is of Murray himself. Perhaps Murray’s greatest single mistake is to misinterpret the failure of federal antipoverty programs. He assumes that federal programs actually target the social causes of poverty, which means that if they don’t work, social causes must not be the issue. But he’s simply got it wrong. Welfare and other antipoverty programs are ‘social’ only in the sense that they’re organized around the idea that social systems like government have a responsibility to do something about poverty. But antipoverty programs are not organized around a sociological understanding of how systems produce poverty in the first place. As a result, they focus almost entirely on changing individuals and not systems, and use the resources of government and other systems to make it happen.

Essays about economic crisis

essays about economic crisis

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