SlideShare ist ein Scribd-Unternehmen logo
1 von 10
Downloaden Sie, um offline zu lesen
Economics Issues from
Ed Dolan’s Econ Blog
Why Does Anyone Think
America Should be More Like
Europe? Some Reasons
Posted February 15, 2016
Terms of Use: These slides are provided under Creative Commons License Attribution—Share Alike 3.0 . You are free
to use these slides as a resource for your economics classes together with whatever textbook you are using. If you like
the slides, you may also want to take a look at my textbook, Introduction to Economics, from BVT Publishing.
Should America Be More Like Europe?
 The idea that liberals want to make
America more like the rest of the
world has become a favorite
Republican attack line of the 2016
presidential campaign
 Conservatives are especially
hostile to trying to make America
more like Europe
February 15, 2016 Ed Dolan’s Econ Blog
“Barack Obama is undertaking
a systematic effort to change
this country, to make America
more like the rest of the world.”
—Sen. Marco Rubio
New Hampshire Republican
Debate, Jan. 2016
Some Liberals Do Openly Admire Europe
 In a recent interview on ABC,
George Stephanopoulos
cautioned Sanders that
Republicans were likely to jump all
over him for saying the U.S.
should be more like Scandinavia.
 "That's right. And what's wrong
with that?" Sanders replied.
February 15, 2016 Ed Dolan’s Econ Blog
Sen. Bernie Sanders speaking
before Iowa Caucuses,
January 2016
Let’s Look at Some Data
 To understand why some
people want America to look
more like Europe, let’s look at
some data
 Specifically, let’s look at the
Social Progress Index, (SPI)
which shows how well
countries convert raw GDP into
good lives for their citizens
February 15, 2016 Ed Dolan’s Econ Blog
Components of the Social Progress Index:
 Basic Human Needs (nutrition, basic
medical care, access to clean water,
sanitation, shelter, and security from crime
and terrorism)
 Foundations of Wellbeing (literacy and
quality of primary education, access to
mobile phones and internet, life
expectancy, and environmental quality)
 Opportunity (political rights, freedom of
speech and religion, property rights,
tolerance, freedom of personal choice, and
access to higher education)
SPI vs. GDP: An Overview
 This chart shows that the
Social Progress Index
increases as GDP per
capita increases (black
trendline)
 The US does an average
job of converting raw GDP
to a good life for its citizens
(it is right on the trendline)
 Most European countries
outperform the US on the
SPI, in many cases even
when their GDP per capita
is lower
February 15, 2016 Ed Dolan’s Econ Blog
Basic Human Needs
 Northern European
countries (blue dots) all do
better than the US in
providing basic human
needs
 The US is below the
trendline—it does worse
than expected for such a
wealthy country
 Most of the middle-income
countries of Eastern and
Southern Europe (red
squares) also do a better
than expected job of
providing for basic human
needs
February 15, 2016 Ed Dolan’s Econ Blog
Foundations of Wellbeing
 The picture is similar for
the Foundations of
Wellbeing component of
the SPI
 The US performs below
the global trend
 Most European countries
do better than expected,
given their level of income
February 15, 2016 Ed Dolan’s Econ Blog
Opportunity
 The “Opportunity”
component of the SPI is
rich in indicators valued by
conservatives, like
personal freedom, property
rights, and tolerance
 The US performs well by
these indicators, but not
greatly above wealthy
Northern European
countries
February 15, 2016 Ed Dolan’s Econ Blog
The Bottom Line
 If we look at the facts, it is not hard to
see why some people think America
should be more like Europe
 Most European countries do a better
job than the US of converting raw GDP
into a good life for their citizens
 They do better in satisfying basic
human needs and providing the
foundations of wellbeing without
sacrificing key American values like
personal freedom, property rights and
tolerance
February 15, 2016 Ed Dolan’s Econ Blog
Click on the image to learn more about
Ed Dolan’s Econ texts
or visit www.bvtpublishing.com
For more posts and slideshows, Follow Ed Dolan’s Econ Blog
Follow @DolanEcon on Twitter

Weitere ähnliche Inhalte

Was ist angesagt?

Chapter 8 9 international monetary system
Chapter 8 9 international monetary systemChapter 8 9 international monetary system
Chapter 8 9 international monetary systemRockvishwajeet Bharti
 
US China trade war
US China trade warUS China trade war
US China trade warBinduHA
 
Geopolitics in oil and gas market
Geopolitics in oil and gas marketGeopolitics in oil and gas market
Geopolitics in oil and gas marketAdjei Sephen
 
Non performing assets
Non performing assetsNon performing assets
Non performing assetsGeorge Prep
 
Collapse of Silicon valley bank.pptx
Collapse of Silicon valley bank.pptxCollapse of Silicon valley bank.pptx
Collapse of Silicon valley bank.pptxABHISEKPADHI5
 
Financial Market Failure and Regulation of the Financial System
Financial Market Failure and Regulation of the Financial SystemFinancial Market Failure and Regulation of the Financial System
Financial Market Failure and Regulation of the Financial Systemtutor2u
 
Building a Startup Ecosystem
Building a Startup EcosystemBuilding a Startup Ecosystem
Building a Startup EcosystemBen Yoskovitz
 
STRATEGIC MANAGEMENT OF TECHNOLOGICAL INNOVATION
STRATEGIC MANAGEMENT OFTECHNOLOGICAL INNOVATION STRATEGIC MANAGEMENT OFTECHNOLOGICAL INNOVATION
STRATEGIC MANAGEMENT OF TECHNOLOGICAL INNOVATION FajriAnsyahPutra2
 
Non Performing Assets
Non Performing AssetsNon Performing Assets
Non Performing AssetsAditya
 
ICONIQ Analytics - IPO Preparedness and Performance 2021
ICONIQ Analytics - IPO Preparedness and Performance 2021ICONIQ Analytics - IPO Preparedness and Performance 2021
ICONIQ Analytics - IPO Preparedness and Performance 2021Vivian Guo
 
Verma committee
Verma committeeVerma committee
Verma committeeRaje Raja
 
Indian banking sector reforms a glimpse
Indian banking sector reforms a glimpseIndian banking sector reforms a glimpse
Indian banking sector reforms a glimpseMallikarjun Bali
 
An Analysis of BRICS as an International Organization
An Analysis of BRICS as an International OrganizationAn Analysis of BRICS as an International Organization
An Analysis of BRICS as an International Organizationuniversity of botswana
 

Was ist angesagt? (20)

Chapter 8 9 international monetary system
Chapter 8 9 international monetary systemChapter 8 9 international monetary system
Chapter 8 9 international monetary system
 
Brics nations
Brics nationsBrics nations
Brics nations
 
US China trade war
US China trade warUS China trade war
US China trade war
 
Geopolitics in oil and gas market
Geopolitics in oil and gas marketGeopolitics in oil and gas market
Geopolitics in oil and gas market
 
Non performing assets
Non performing assetsNon performing assets
Non performing assets
 
Revenue and Fiscal System of Oil and Gas in Indonesia
Revenue and Fiscal System of Oil and Gas in IndonesiaRevenue and Fiscal System of Oil and Gas in Indonesia
Revenue and Fiscal System of Oil and Gas in Indonesia
 
Collapse of Silicon valley bank.pptx
Collapse of Silicon valley bank.pptxCollapse of Silicon valley bank.pptx
Collapse of Silicon valley bank.pptx
 
Global financial crisis
Global financial crisisGlobal financial crisis
Global financial crisis
 
Financial Market Failure and Regulation of the Financial System
Financial Market Failure and Regulation of the Financial SystemFinancial Market Failure and Regulation of the Financial System
Financial Market Failure and Regulation of the Financial System
 
Building a Startup Ecosystem
Building a Startup EcosystemBuilding a Startup Ecosystem
Building a Startup Ecosystem
 
Crowd funding
Crowd fundingCrowd funding
Crowd funding
 
Finance for startups: An Introduction
Finance for startups: An IntroductionFinance for startups: An Introduction
Finance for startups: An Introduction
 
Money market
Money marketMoney market
Money market
 
Chapter 20
Chapter 20Chapter 20
Chapter 20
 
STRATEGIC MANAGEMENT OF TECHNOLOGICAL INNOVATION
STRATEGIC MANAGEMENT OFTECHNOLOGICAL INNOVATION STRATEGIC MANAGEMENT OFTECHNOLOGICAL INNOVATION
STRATEGIC MANAGEMENT OF TECHNOLOGICAL INNOVATION
 
Non Performing Assets
Non Performing AssetsNon Performing Assets
Non Performing Assets
 
ICONIQ Analytics - IPO Preparedness and Performance 2021
ICONIQ Analytics - IPO Preparedness and Performance 2021ICONIQ Analytics - IPO Preparedness and Performance 2021
ICONIQ Analytics - IPO Preparedness and Performance 2021
 
Verma committee
Verma committeeVerma committee
Verma committee
 
Indian banking sector reforms a glimpse
Indian banking sector reforms a glimpseIndian banking sector reforms a glimpse
Indian banking sector reforms a glimpse
 
An Analysis of BRICS as an International Organization
An Analysis of BRICS as an International OrganizationAn Analysis of BRICS as an International Organization
An Analysis of BRICS as an International Organization
 

Andere mochten auch

China's Subnational Debts: Problems and Suggestions: Liu Shangxi, Research I...
China's Subnational Debts:  Problems and Suggestions: Liu Shangxi, Research I...China's Subnational Debts:  Problems and Suggestions: Liu Shangxi, Research I...
China's Subnational Debts: Problems and Suggestions: Liu Shangxi, Research I...World Bank Publications
 
Women, the Workplace and Money: How to Take Action Today and Plan for Tomorro...
Women, the Workplace and Money: How to Take Action Today and Plan for Tomorro...Women, the Workplace and Money: How to Take Action Today and Plan for Tomorro...
Women, the Workplace and Money: How to Take Action Today and Plan for Tomorro...Experian_US
 
Beyond the Gig Economy: How New Technologies Are Reshaping the Future of Work
Beyond the Gig Economy: How New Technologies Are Reshaping the Future of WorkBeyond the Gig Economy: How New Technologies Are Reshaping the Future of Work
Beyond the Gig Economy: How New Technologies Are Reshaping the Future of WorkThumbtack, Inc.
 
Millennials & Money: One Generation, Many Goals & Values
Millennials & Money: One Generation, Many Goals & ValuesMillennials & Money: One Generation, Many Goals & Values
Millennials & Money: One Generation, Many Goals & ValuesEdelman
 
Black Friday and Cyber Monday Infographic
Black Friday and Cyber Monday Infographic Black Friday and Cyber Monday Infographic
Black Friday and Cyber Monday Infographic Ingenico ePayments
 
3 Things Every Sales Team Needs to Be Thinking About in 2017
3 Things Every Sales Team Needs to Be Thinking About in 20173 Things Every Sales Team Needs to Be Thinking About in 2017
3 Things Every Sales Team Needs to Be Thinking About in 2017Drift
 
How the Workforce Learns in 2016 (Expanded deck with polls and case study) - ...
How the Workforce Learns in 2016 (Expanded deck with polls and case study) - ...How the Workforce Learns in 2016 (Expanded deck with polls and case study) - ...
How the Workforce Learns in 2016 (Expanded deck with polls and case study) - ...David Blake
 
LinkedIn Q4 2015 Earnings Call
LinkedIn Q4 2015 Earnings CallLinkedIn Q4 2015 Earnings Call
LinkedIn Q4 2015 Earnings CallLinkedIn
 
So you want to quit your day job and make a connected product
So you want to quit your day job and make a connected productSo you want to quit your day job and make a connected product
So you want to quit your day job and make a connected productAlexandra Deschamps-Sonsino
 
A 5-Step Guide to Social Media for the Entertainment Industry
A 5-Step Guide to Social Media for the Entertainment IndustryA 5-Step Guide to Social Media for the Entertainment Industry
A 5-Step Guide to Social Media for the Entertainment IndustryHootsuite
 
11 Things Healthy People Do Every Morning
11 Things Healthy People Do Every Morning11 Things Healthy People Do Every Morning
11 Things Healthy People Do Every MorningEason Chan
 
Study: The Future of VR, AR and Self-Driving Cars
Study: The Future of VR, AR and Self-Driving CarsStudy: The Future of VR, AR and Self-Driving Cars
Study: The Future of VR, AR and Self-Driving CarsLinkedIn
 
My Life #OutsideWork (Intuit Employees)
My Life #OutsideWork (Intuit Employees)My Life #OutsideWork (Intuit Employees)
My Life #OutsideWork (Intuit Employees)Intuit Inc.
 
5 Employment Stats Every Hiring Manager Needs to Know
5 Employment Stats Every Hiring Manager Needs to Know5 Employment Stats Every Hiring Manager Needs to Know
5 Employment Stats Every Hiring Manager Needs to KnowRobert Half
 
The Cars In Fast And Furious 7
The Cars In Fast And Furious 7The Cars In Fast And Furious 7
The Cars In Fast And Furious 7Jodie Harper
 
Mobile-First SEO - The Marketers Edition #3XEDigital
Mobile-First SEO - The Marketers Edition #3XEDigitalMobile-First SEO - The Marketers Edition #3XEDigital
Mobile-First SEO - The Marketers Edition #3XEDigitalAleyda Solís
 
Pollen VC Building A Digital Lending Business
Pollen VC Building A Digital Lending BusinessPollen VC Building A Digital Lending Business
Pollen VC Building A Digital Lending BusinessPollen VC
 

Andere mochten auch (20)

The Rise Of China
The Rise Of ChinaThe Rise Of China
The Rise Of China
 
The 2016 Economic Outlook in 17 Slides
The 2016 Economic Outlook in 17 SlidesThe 2016 Economic Outlook in 17 Slides
The 2016 Economic Outlook in 17 Slides
 
China's Subnational Debts: Problems and Suggestions: Liu Shangxi, Research I...
China's Subnational Debts:  Problems and Suggestions: Liu Shangxi, Research I...China's Subnational Debts:  Problems and Suggestions: Liu Shangxi, Research I...
China's Subnational Debts: Problems and Suggestions: Liu Shangxi, Research I...
 
Women, the Workplace and Money: How to Take Action Today and Plan for Tomorro...
Women, the Workplace and Money: How to Take Action Today and Plan for Tomorro...Women, the Workplace and Money: How to Take Action Today and Plan for Tomorro...
Women, the Workplace and Money: How to Take Action Today and Plan for Tomorro...
 
Beyond the Gig Economy: How New Technologies Are Reshaping the Future of Work
Beyond the Gig Economy: How New Technologies Are Reshaping the Future of WorkBeyond the Gig Economy: How New Technologies Are Reshaping the Future of Work
Beyond the Gig Economy: How New Technologies Are Reshaping the Future of Work
 
Millennials & Money: One Generation, Many Goals & Values
Millennials & Money: One Generation, Many Goals & ValuesMillennials & Money: One Generation, Many Goals & Values
Millennials & Money: One Generation, Many Goals & Values
 
Black Friday and Cyber Monday Infographic
Black Friday and Cyber Monday Infographic Black Friday and Cyber Monday Infographic
Black Friday and Cyber Monday Infographic
 
3 Things Every Sales Team Needs to Be Thinking About in 2017
3 Things Every Sales Team Needs to Be Thinking About in 20173 Things Every Sales Team Needs to Be Thinking About in 2017
3 Things Every Sales Team Needs to Be Thinking About in 2017
 
How the Workforce Learns in 2016 (Expanded deck with polls and case study) - ...
How the Workforce Learns in 2016 (Expanded deck with polls and case study) - ...How the Workforce Learns in 2016 (Expanded deck with polls and case study) - ...
How the Workforce Learns in 2016 (Expanded deck with polls and case study) - ...
 
LinkedIn Q4 2015 Earnings Call
LinkedIn Q4 2015 Earnings CallLinkedIn Q4 2015 Earnings Call
LinkedIn Q4 2015 Earnings Call
 
So you want to quit your day job and make a connected product
So you want to quit your day job and make a connected productSo you want to quit your day job and make a connected product
So you want to quit your day job and make a connected product
 
A 5-Step Guide to Social Media for the Entertainment Industry
A 5-Step Guide to Social Media for the Entertainment IndustryA 5-Step Guide to Social Media for the Entertainment Industry
A 5-Step Guide to Social Media for the Entertainment Industry
 
11 Things Healthy People Do Every Morning
11 Things Healthy People Do Every Morning11 Things Healthy People Do Every Morning
11 Things Healthy People Do Every Morning
 
Study: The Future of VR, AR and Self-Driving Cars
Study: The Future of VR, AR and Self-Driving CarsStudy: The Future of VR, AR and Self-Driving Cars
Study: The Future of VR, AR and Self-Driving Cars
 
How to embrace those inevitable
How to embrace those inevitable How to embrace those inevitable
How to embrace those inevitable
 
My Life #OutsideWork (Intuit Employees)
My Life #OutsideWork (Intuit Employees)My Life #OutsideWork (Intuit Employees)
My Life #OutsideWork (Intuit Employees)
 
5 Employment Stats Every Hiring Manager Needs to Know
5 Employment Stats Every Hiring Manager Needs to Know5 Employment Stats Every Hiring Manager Needs to Know
5 Employment Stats Every Hiring Manager Needs to Know
 
The Cars In Fast And Furious 7
The Cars In Fast And Furious 7The Cars In Fast And Furious 7
The Cars In Fast And Furious 7
 
Mobile-First SEO - The Marketers Edition #3XEDigital
Mobile-First SEO - The Marketers Edition #3XEDigitalMobile-First SEO - The Marketers Edition #3XEDigital
Mobile-First SEO - The Marketers Edition #3XEDigital
 
Pollen VC Building A Digital Lending Business
Pollen VC Building A Digital Lending BusinessPollen VC Building A Digital Lending Business
Pollen VC Building A Digital Lending Business
 

Ähnlich wie Why Should America Be More Like Europe?

The statesman's yearbook
The statesman's yearbookThe statesman's yearbook
The statesman's yearbookMallory Hoos
 
The Statesman's Yearbook
The Statesman's YearbookThe Statesman's Yearbook
The Statesman's YearbookMallory Hoos
 
The Statesman's Yearbook Presentation
The Statesman's Yearbook PresentationThe Statesman's Yearbook Presentation
The Statesman's Yearbook PresentationMallory Hoos
 
Being an Information Consumer of Information - Dr. Underwood's Argument Class...
Being an Information Consumer of Information - Dr. Underwood's Argument Class...Being an Information Consumer of Information - Dr. Underwood's Argument Class...
Being an Information Consumer of Information - Dr. Underwood's Argument Class...Amanda Folk
 
Hoag (2016) CSUEB Lecture: US Class Structure
Hoag (2016) CSUEB Lecture: US Class StructureHoag (2016) CSUEB Lecture: US Class Structure
Hoag (2016) CSUEB Lecture: US Class StructurePeter Hoag
 
Make Money Writing Articles How I Made 9,000 In On
Make Money Writing Articles How I Made 9,000 In OnMake Money Writing Articles How I Made 9,000 In On
Make Money Writing Articles How I Made 9,000 In OnTracy Hill
 
Someone Write My Essay
Someone Write My EssaySomeone Write My Essay
Someone Write My EssayMonique Davis
 
Essay On Cow In English For Class 1. Online assignment writing service.
Essay On Cow In English For Class 1. Online assignment writing service.Essay On Cow In English For Class 1. Online assignment writing service.
Essay On Cow In English For Class 1. Online assignment writing service.Jill Swenson
 
Can The Extended Essay Be Written In First Person
Can The Extended Essay Be Written In First PersonCan The Extended Essay Be Written In First Person
Can The Extended Essay Be Written In First PersonAlicia Galindo
 
Argumentative Essay On Texting And Driving.pdf
Argumentative Essay On Texting And Driving.pdfArgumentative Essay On Texting And Driving.pdf
Argumentative Essay On Texting And Driving.pdfCarmen Tran
 
Sample Ap Language And Composition Synthesis Essay
Sample Ap Language And Composition Synthesis EssaySample Ap Language And Composition Synthesis Essay
Sample Ap Language And Composition Synthesis EssayJill Swenson
 
Franz Kafka Metamorphosis Essay
Franz Kafka Metamorphosis EssayFranz Kafka Metamorphosis Essay
Franz Kafka Metamorphosis EssayAmy White
 
Good society index v3 7sep10
Good society index v3  7sep10Good society index v3  7sep10
Good society index v3 7sep10reawiki
 
Essay Helping - Writerkesey.X.Fc2.Com. Online assignment writing service.
Essay Helping - Writerkesey.X.Fc2.Com. Online assignment writing service.Essay Helping - Writerkesey.X.Fc2.Com. Online assignment writing service.
Essay Helping - Writerkesey.X.Fc2.Com. Online assignment writing service.Katreka Howard
 
Essay On Wild Animals As Pets. Online assignment writing service.
Essay On Wild Animals As Pets. Online assignment writing service.Essay On Wild Animals As Pets. Online assignment writing service.
Essay On Wild Animals As Pets. Online assignment writing service.Jessica Phillips
 
FREE 7+ Evaluation Essay Samples In M
FREE 7+ Evaluation Essay Samples In MFREE 7+ Evaluation Essay Samples In M
FREE 7+ Evaluation Essay Samples In MBeth Hines
 
PARKIN12E_ECONOMICS_Ch01.pptx
PARKIN12E_ECONOMICS_Ch01.pptxPARKIN12E_ECONOMICS_Ch01.pptx
PARKIN12E_ECONOMICS_Ch01.pptxMamdouh Mohamed
 

Ähnlich wie Why Should America Be More Like Europe? (20)

The statesman's yearbook
The statesman's yearbookThe statesman's yearbook
The statesman's yearbook
 
The Statesman's Yearbook
The Statesman's YearbookThe Statesman's Yearbook
The Statesman's Yearbook
 
The Statesman's Yearbook Presentation
The Statesman's Yearbook PresentationThe Statesman's Yearbook Presentation
The Statesman's Yearbook Presentation
 
Being an Information Consumer of Information - Dr. Underwood's Argument Class...
Being an Information Consumer of Information - Dr. Underwood's Argument Class...Being an Information Consumer of Information - Dr. Underwood's Argument Class...
Being an Information Consumer of Information - Dr. Underwood's Argument Class...
 
Hoag (2016) CSUEB Lecture: US Class Structure
Hoag (2016) CSUEB Lecture: US Class StructureHoag (2016) CSUEB Lecture: US Class Structure
Hoag (2016) CSUEB Lecture: US Class Structure
 
Make Money Writing Articles How I Made 9,000 In On
Make Money Writing Articles How I Made 9,000 In OnMake Money Writing Articles How I Made 9,000 In On
Make Money Writing Articles How I Made 9,000 In On
 
Someone Write My Essay
Someone Write My EssaySomeone Write My Essay
Someone Write My Essay
 
Essay On Cow In English For Class 1. Online assignment writing service.
Essay On Cow In English For Class 1. Online assignment writing service.Essay On Cow In English For Class 1. Online assignment writing service.
Essay On Cow In English For Class 1. Online assignment writing service.
 
Can The Extended Essay Be Written In First Person
Can The Extended Essay Be Written In First PersonCan The Extended Essay Be Written In First Person
Can The Extended Essay Be Written In First Person
 
Argumentative Essay On Texting And Driving.pdf
Argumentative Essay On Texting And Driving.pdfArgumentative Essay On Texting And Driving.pdf
Argumentative Essay On Texting And Driving.pdf
 
Sample Ap Language And Composition Synthesis Essay
Sample Ap Language And Composition Synthesis EssaySample Ap Language And Composition Synthesis Essay
Sample Ap Language And Composition Synthesis Essay
 
Franz Kafka Metamorphosis Essay
Franz Kafka Metamorphosis EssayFranz Kafka Metamorphosis Essay
Franz Kafka Metamorphosis Essay
 
Essay One Paragraph
Essay One ParagraphEssay One Paragraph
Essay One Paragraph
 
Good society index v3 7sep10
Good society index v3  7sep10Good society index v3  7sep10
Good society index v3 7sep10
 
Essay Helping - Writerkesey.X.Fc2.Com. Online assignment writing service.
Essay Helping - Writerkesey.X.Fc2.Com. Online assignment writing service.Essay Helping - Writerkesey.X.Fc2.Com. Online assignment writing service.
Essay Helping - Writerkesey.X.Fc2.Com. Online assignment writing service.
 
Essay On Wild Animals As Pets. Online assignment writing service.
Essay On Wild Animals As Pets. Online assignment writing service.Essay On Wild Animals As Pets. Online assignment writing service.
Essay On Wild Animals As Pets. Online assignment writing service.
 
FREE 7+ Evaluation Essay Samples In M
FREE 7+ Evaluation Essay Samples In MFREE 7+ Evaluation Essay Samples In M
FREE 7+ Evaluation Essay Samples In M
 
11T!IlS IS YOUR MOVEMENT
11T!IlS IS YOUR MOVEMENT11T!IlS IS YOUR MOVEMENT
11T!IlS IS YOUR MOVEMENT
 
11T!IlS IS YOUR MOVEMENT
11T!IlS IS YOUR MOVEMENT11T!IlS IS YOUR MOVEMENT
11T!IlS IS YOUR MOVEMENT
 
PARKIN12E_ECONOMICS_Ch01.pptx
PARKIN12E_ECONOMICS_Ch01.pptxPARKIN12E_ECONOMICS_Ch01.pptx
PARKIN12E_ECONOMICS_Ch01.pptx
 

Mehr von Ed Dolan

Is the Federal Budget Out of Control? A Tutorial on Debt Dynamics
Is the Federal Budget Out of Control? A Tutorial on Debt DynamicsIs the Federal Budget Out of Control? A Tutorial on Debt Dynamics
Is the Federal Budget Out of Control? A Tutorial on Debt DynamicsEd Dolan
 
Bring back Reupload!
Bring back Reupload!Bring back Reupload!
Bring back Reupload!Ed Dolan
 
The Economics of a Soda Tax
The Economics of a Soda TaxThe Economics of a Soda Tax
The Economics of a Soda TaxEd Dolan
 
What is the Nairu and Why Does It Matter?
What is the Nairu and Why Does It Matter?What is the Nairu and Why Does It Matter?
What is the Nairu and Why Does It Matter?Ed Dolan
 
How Liberals and Conservatives Can Talk About Climate change
How Liberals and Conservatives Can Talk About Climate changeHow Liberals and Conservatives Can Talk About Climate change
How Liberals and Conservatives Can Talk About Climate changeEd Dolan
 
Tutorial: Is the Government Debt Out of Control?
Tutorial: Is the Government Debt Out of Control?Tutorial: Is the Government Debt Out of Control?
Tutorial: Is the Government Debt Out of Control?Ed Dolan
 
China's Crumbling Rare Earth Monopoly
China's Crumbling Rare Earth MonopolyChina's Crumbling Rare Earth Monopoly
China's Crumbling Rare Earth MonopolyEd Dolan
 
Consumer and Producer Surplus: A Tutorial
Consumer and Producer Surplus: A TutorialConsumer and Producer Surplus: A Tutorial
Consumer and Producer Surplus: A TutorialEd Dolan
 
Why Fear Deflation? A Tutorial
Why Fear Deflation? A TutorialWhy Fear Deflation? A Tutorial
Why Fear Deflation? A TutorialEd Dolan
 
Real and Nominal Exchange Rates: A Tutorial
Real and Nominal Exchange Rates: A TutorialReal and Nominal Exchange Rates: A Tutorial
Real and Nominal Exchange Rates: A TutorialEd Dolan
 
US GDP Grows at 5 Percent in Q3 2014, Best of Recovery
US GDP Grows at 5 Percent in Q3 2014, Best of RecoveryUS GDP Grows at 5 Percent in Q3 2014, Best of Recovery
US GDP Grows at 5 Percent in Q3 2014, Best of RecoveryEd Dolan
 
The Economics of a Price-Smoothing Oil Tax
The Economics of a Price-Smoothing Oil TaxThe Economics of a Price-Smoothing Oil Tax
The Economics of a Price-Smoothing Oil TaxEd Dolan
 
Quantitative Easing and the Fed 2008-2014: A Tutorial
Quantitative Easing and the Fed 2008-2014: A TutorialQuantitative Easing and the Fed 2008-2014: A Tutorial
Quantitative Easing and the Fed 2008-2014: A TutorialEd Dolan
 
As Exports Soar, US Economy Closes in on Fed's Targets
As Exports Soar, US Economy Closes in on Fed's TargetsAs Exports Soar, US Economy Closes in on Fed's Targets
As Exports Soar, US Economy Closes in on Fed's TargetsEd Dolan
 
US Recovery Shows New Signs of Strength
US Recovery Shows New Signs of Strength US Recovery Shows New Signs of Strength
US Recovery Shows New Signs of Strength Ed Dolan
 
Do Banks Take Excessive Risks?
Do Banks Take Excessive Risks?Do Banks Take Excessive Risks?
Do Banks Take Excessive Risks?Ed Dolan
 
US Adds 204,000 Jobs in October Despite Shutdown
US Adds 204,000 Jobs in October Despite ShutdownUS Adds 204,000 Jobs in October Despite Shutdown
US Adds 204,000 Jobs in October Despite ShutdownEd Dolan
 
US Economy Adds 195,000 Payroll Jobs in June
US Economy Adds 195,000 Payroll Jobs in JuneUS Economy Adds 195,000 Payroll Jobs in June
US Economy Adds 195,000 Payroll Jobs in JuneEd Dolan
 
US GDP Growth Revised Downward on Falling Exports
US GDP Growth Revised Downward on Falling ExportsUS GDP Growth Revised Downward on Falling Exports
US GDP Growth Revised Downward on Falling ExportsEd Dolan
 
Breakup of the Ruble Area: Lessons for the Euro
Breakup of the Ruble Area: Lessons for the EuroBreakup of the Ruble Area: Lessons for the Euro
Breakup of the Ruble Area: Lessons for the EuroEd Dolan
 

Mehr von Ed Dolan (20)

Is the Federal Budget Out of Control? A Tutorial on Debt Dynamics
Is the Federal Budget Out of Control? A Tutorial on Debt DynamicsIs the Federal Budget Out of Control? A Tutorial on Debt Dynamics
Is the Federal Budget Out of Control? A Tutorial on Debt Dynamics
 
Bring back Reupload!
Bring back Reupload!Bring back Reupload!
Bring back Reupload!
 
The Economics of a Soda Tax
The Economics of a Soda TaxThe Economics of a Soda Tax
The Economics of a Soda Tax
 
What is the Nairu and Why Does It Matter?
What is the Nairu and Why Does It Matter?What is the Nairu and Why Does It Matter?
What is the Nairu and Why Does It Matter?
 
How Liberals and Conservatives Can Talk About Climate change
How Liberals and Conservatives Can Talk About Climate changeHow Liberals and Conservatives Can Talk About Climate change
How Liberals and Conservatives Can Talk About Climate change
 
Tutorial: Is the Government Debt Out of Control?
Tutorial: Is the Government Debt Out of Control?Tutorial: Is the Government Debt Out of Control?
Tutorial: Is the Government Debt Out of Control?
 
China's Crumbling Rare Earth Monopoly
China's Crumbling Rare Earth MonopolyChina's Crumbling Rare Earth Monopoly
China's Crumbling Rare Earth Monopoly
 
Consumer and Producer Surplus: A Tutorial
Consumer and Producer Surplus: A TutorialConsumer and Producer Surplus: A Tutorial
Consumer and Producer Surplus: A Tutorial
 
Why Fear Deflation? A Tutorial
Why Fear Deflation? A TutorialWhy Fear Deflation? A Tutorial
Why Fear Deflation? A Tutorial
 
Real and Nominal Exchange Rates: A Tutorial
Real and Nominal Exchange Rates: A TutorialReal and Nominal Exchange Rates: A Tutorial
Real and Nominal Exchange Rates: A Tutorial
 
US GDP Grows at 5 Percent in Q3 2014, Best of Recovery
US GDP Grows at 5 Percent in Q3 2014, Best of RecoveryUS GDP Grows at 5 Percent in Q3 2014, Best of Recovery
US GDP Grows at 5 Percent in Q3 2014, Best of Recovery
 
The Economics of a Price-Smoothing Oil Tax
The Economics of a Price-Smoothing Oil TaxThe Economics of a Price-Smoothing Oil Tax
The Economics of a Price-Smoothing Oil Tax
 
Quantitative Easing and the Fed 2008-2014: A Tutorial
Quantitative Easing and the Fed 2008-2014: A TutorialQuantitative Easing and the Fed 2008-2014: A Tutorial
Quantitative Easing and the Fed 2008-2014: A Tutorial
 
As Exports Soar, US Economy Closes in on Fed's Targets
As Exports Soar, US Economy Closes in on Fed's TargetsAs Exports Soar, US Economy Closes in on Fed's Targets
As Exports Soar, US Economy Closes in on Fed's Targets
 
US Recovery Shows New Signs of Strength
US Recovery Shows New Signs of Strength US Recovery Shows New Signs of Strength
US Recovery Shows New Signs of Strength
 
Do Banks Take Excessive Risks?
Do Banks Take Excessive Risks?Do Banks Take Excessive Risks?
Do Banks Take Excessive Risks?
 
US Adds 204,000 Jobs in October Despite Shutdown
US Adds 204,000 Jobs in October Despite ShutdownUS Adds 204,000 Jobs in October Despite Shutdown
US Adds 204,000 Jobs in October Despite Shutdown
 
US Economy Adds 195,000 Payroll Jobs in June
US Economy Adds 195,000 Payroll Jobs in JuneUS Economy Adds 195,000 Payroll Jobs in June
US Economy Adds 195,000 Payroll Jobs in June
 
US GDP Growth Revised Downward on Falling Exports
US GDP Growth Revised Downward on Falling ExportsUS GDP Growth Revised Downward on Falling Exports
US GDP Growth Revised Downward on Falling Exports
 
Breakup of the Ruble Area: Lessons for the Euro
Breakup of the Ruble Area: Lessons for the EuroBreakup of the Ruble Area: Lessons for the Euro
Breakup of the Ruble Area: Lessons for the Euro
 

Kürzlich hochgeladen

TEST BANK For Auditing & Assurance Services A Systematic Approach, 11th Editi...
TEST BANK For Auditing & Assurance Services A Systematic Approach, 11th Editi...TEST BANK For Auditing & Assurance Services A Systematic Approach, 11th Editi...
TEST BANK For Auditing & Assurance Services A Systematic Approach, 11th Editi...marcuskenyatta275
 
Demographic transition and the rise of wealth inequality
Demographic transition and the rise of wealth inequalityDemographic transition and the rise of wealth inequality
Demographic transition and the rise of wealth inequalityGRAPE
 
Seeman_Fiintouch_Newsletter_Apr-2024 (1).pdf
Seeman_Fiintouch_Newsletter_Apr-2024 (1).pdfSeeman_Fiintouch_Newsletter_Apr-2024 (1).pdf
Seeman_Fiintouch_Newsletter_Apr-2024 (1).pdfAshis Kumar Dey
 
Uk-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Raw...
Uk-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Raw...Uk-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Raw...
Uk-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Raw...Amil baba
 
Money Forward Integrated Report “Forward Map” 2024
Money Forward Integrated Report “Forward Map” 2024Money Forward Integrated Report “Forward Map” 2024
Money Forward Integrated Report “Forward Map” 2024Money Forward
 
OAT_RI_Ep18 WeighingTheRisks_Mar24_GlobalCredit.pptx
OAT_RI_Ep18 WeighingTheRisks_Mar24_GlobalCredit.pptxOAT_RI_Ep18 WeighingTheRisks_Mar24_GlobalCredit.pptx
OAT_RI_Ep18 WeighingTheRisks_Mar24_GlobalCredit.pptxhiddenlevers
 
Aon-UK-DC-Pension-Tracker-Q1-2024. slideshare
Aon-UK-DC-Pension-Tracker-Q1-2024. slideshareAon-UK-DC-Pension-Tracker-Q1-2024. slideshare
Aon-UK-DC-Pension-Tracker-Q1-2024. slideshareHenry Tapper
 
Building pressure? Rising rents, and what to expect in the future
Building pressure? Rising rents, and what to expect in the futureBuilding pressure? Rising rents, and what to expect in the future
Building pressure? Rising rents, and what to expect in the futureResolutionFoundation
 
Test bank for corporate finance 13th stephen ross randolph westerfield jeffre...
Test bank for corporate finance 13th stephen ross randolph westerfield jeffre...Test bank for corporate finance 13th stephen ross randolph westerfield jeffre...
Test bank for corporate finance 13th stephen ross randolph westerfield jeffre...marcuskenyatta275
 
ekthesi-trapeza-tis-ellados-gia-2023.pdf
ekthesi-trapeza-tis-ellados-gia-2023.pdfekthesi-trapeza-tis-ellados-gia-2023.pdf
ekthesi-trapeza-tis-ellados-gia-2023.pdfSteliosTheodorou4
 
(Gender) tone at the top: the effect of board diversity on gender inequality
(Gender) tone at the top: the effect of board diversity on gender inequality(Gender) tone at the top: the effect of board diversity on gender inequality
(Gender) tone at the top: the effect of board diversity on gender inequalityGRAPE
 
2B Nation-State.pptx contemporary world nation
2B  Nation-State.pptx contemporary world nation2B  Nation-State.pptx contemporary world nation
2B Nation-State.pptx contemporary world nationko9240888
 
Zimbabwe's New Gold-Backed Currency- A Path to Stability or Another Monetary.pdf
Zimbabwe's New Gold-Backed Currency- A Path to Stability or Another Monetary.pdfZimbabwe's New Gold-Backed Currency- A Path to Stability or Another Monetary.pdf
Zimbabwe's New Gold-Backed Currency- A Path to Stability or Another Monetary.pdfFREELANCER
 
2024-04-09 - Pension Playpen roundtable - slides.pptx
2024-04-09 - Pension Playpen roundtable - slides.pptx2024-04-09 - Pension Playpen roundtable - slides.pptx
2024-04-09 - Pension Playpen roundtable - slides.pptxHenry Tapper
 
Introduction to Health Economics Dr. R. Kurinji Malar.pptx
Introduction to Health Economics Dr. R. Kurinji Malar.pptxIntroduction to Health Economics Dr. R. Kurinji Malar.pptx
Introduction to Health Economics Dr. R. Kurinji Malar.pptxDrRkurinjiMalarkurin
 
What is sip and What are its Benefits in 2024
What is sip and What are its Benefits in 2024What is sip and What are its Benefits in 2024
What is sip and What are its Benefits in 2024prajwalgopocket
 
Global Macroeconomics: Introducing GDP 2.0.pdf
Global Macroeconomics: Introducing GDP 2.0.pdfGlobal Macroeconomics: Introducing GDP 2.0.pdf
Global Macroeconomics: Introducing GDP 2.0.pdfnqsh
 
Hello this ppt is about seminar final project
Hello this ppt is about seminar final projectHello this ppt is about seminar final project
Hello this ppt is about seminar final projectninnasirsi
 
ΤτΕ: Ανάπτυξη 2,3% και πληθωρισμός 2,8% φέτος
ΤτΕ: Ανάπτυξη 2,3% και πληθωρισμός 2,8% φέτοςΤτΕ: Ανάπτυξη 2,3% και πληθωρισμός 2,8% φέτος
ΤτΕ: Ανάπτυξη 2,3% και πληθωρισμός 2,8% φέτοςNewsroom8
 

Kürzlich hochgeladen (19)

TEST BANK For Auditing & Assurance Services A Systematic Approach, 11th Editi...
TEST BANK For Auditing & Assurance Services A Systematic Approach, 11th Editi...TEST BANK For Auditing & Assurance Services A Systematic Approach, 11th Editi...
TEST BANK For Auditing & Assurance Services A Systematic Approach, 11th Editi...
 
Demographic transition and the rise of wealth inequality
Demographic transition and the rise of wealth inequalityDemographic transition and the rise of wealth inequality
Demographic transition and the rise of wealth inequality
 
Seeman_Fiintouch_Newsletter_Apr-2024 (1).pdf
Seeman_Fiintouch_Newsletter_Apr-2024 (1).pdfSeeman_Fiintouch_Newsletter_Apr-2024 (1).pdf
Seeman_Fiintouch_Newsletter_Apr-2024 (1).pdf
 
Uk-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Raw...
Uk-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Raw...Uk-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Raw...
Uk-NO1 Rohani Amil In Islamabad Amil Baba in Rawalpindi Kala Jadu Amil In Raw...
 
Money Forward Integrated Report “Forward Map” 2024
Money Forward Integrated Report “Forward Map” 2024Money Forward Integrated Report “Forward Map” 2024
Money Forward Integrated Report “Forward Map” 2024
 
OAT_RI_Ep18 WeighingTheRisks_Mar24_GlobalCredit.pptx
OAT_RI_Ep18 WeighingTheRisks_Mar24_GlobalCredit.pptxOAT_RI_Ep18 WeighingTheRisks_Mar24_GlobalCredit.pptx
OAT_RI_Ep18 WeighingTheRisks_Mar24_GlobalCredit.pptx
 
Aon-UK-DC-Pension-Tracker-Q1-2024. slideshare
Aon-UK-DC-Pension-Tracker-Q1-2024. slideshareAon-UK-DC-Pension-Tracker-Q1-2024. slideshare
Aon-UK-DC-Pension-Tracker-Q1-2024. slideshare
 
Building pressure? Rising rents, and what to expect in the future
Building pressure? Rising rents, and what to expect in the futureBuilding pressure? Rising rents, and what to expect in the future
Building pressure? Rising rents, and what to expect in the future
 
Test bank for corporate finance 13th stephen ross randolph westerfield jeffre...
Test bank for corporate finance 13th stephen ross randolph westerfield jeffre...Test bank for corporate finance 13th stephen ross randolph westerfield jeffre...
Test bank for corporate finance 13th stephen ross randolph westerfield jeffre...
 
ekthesi-trapeza-tis-ellados-gia-2023.pdf
ekthesi-trapeza-tis-ellados-gia-2023.pdfekthesi-trapeza-tis-ellados-gia-2023.pdf
ekthesi-trapeza-tis-ellados-gia-2023.pdf
 
(Gender) tone at the top: the effect of board diversity on gender inequality
(Gender) tone at the top: the effect of board diversity on gender inequality(Gender) tone at the top: the effect of board diversity on gender inequality
(Gender) tone at the top: the effect of board diversity on gender inequality
 
2B Nation-State.pptx contemporary world nation
2B  Nation-State.pptx contemporary world nation2B  Nation-State.pptx contemporary world nation
2B Nation-State.pptx contemporary world nation
 
Zimbabwe's New Gold-Backed Currency- A Path to Stability or Another Monetary.pdf
Zimbabwe's New Gold-Backed Currency- A Path to Stability or Another Monetary.pdfZimbabwe's New Gold-Backed Currency- A Path to Stability or Another Monetary.pdf
Zimbabwe's New Gold-Backed Currency- A Path to Stability or Another Monetary.pdf
 
2024-04-09 - Pension Playpen roundtable - slides.pptx
2024-04-09 - Pension Playpen roundtable - slides.pptx2024-04-09 - Pension Playpen roundtable - slides.pptx
2024-04-09 - Pension Playpen roundtable - slides.pptx
 
Introduction to Health Economics Dr. R. Kurinji Malar.pptx
Introduction to Health Economics Dr. R. Kurinji Malar.pptxIntroduction to Health Economics Dr. R. Kurinji Malar.pptx
Introduction to Health Economics Dr. R. Kurinji Malar.pptx
 
What is sip and What are its Benefits in 2024
What is sip and What are its Benefits in 2024What is sip and What are its Benefits in 2024
What is sip and What are its Benefits in 2024
 
Global Macroeconomics: Introducing GDP 2.0.pdf
Global Macroeconomics: Introducing GDP 2.0.pdfGlobal Macroeconomics: Introducing GDP 2.0.pdf
Global Macroeconomics: Introducing GDP 2.0.pdf
 
Hello this ppt is about seminar final project
Hello this ppt is about seminar final projectHello this ppt is about seminar final project
Hello this ppt is about seminar final project
 
ΤτΕ: Ανάπτυξη 2,3% και πληθωρισμός 2,8% φέτος
ΤτΕ: Ανάπτυξη 2,3% και πληθωρισμός 2,8% φέτοςΤτΕ: Ανάπτυξη 2,3% και πληθωρισμός 2,8% φέτος
ΤτΕ: Ανάπτυξη 2,3% και πληθωρισμός 2,8% φέτος
 

Why Should America Be More Like Europe?

  • 1. Economics Issues from Ed Dolan’s Econ Blog Why Does Anyone Think America Should be More Like Europe? Some Reasons Posted February 15, 2016 Terms of Use: These slides are provided under Creative Commons License Attribution—Share Alike 3.0 . You are free to use these slides as a resource for your economics classes together with whatever textbook you are using. If you like the slides, you may also want to take a look at my textbook, Introduction to Economics, from BVT Publishing.
  • 2. Should America Be More Like Europe?  The idea that liberals want to make America more like the rest of the world has become a favorite Republican attack line of the 2016 presidential campaign  Conservatives are especially hostile to trying to make America more like Europe February 15, 2016 Ed Dolan’s Econ Blog “Barack Obama is undertaking a systematic effort to change this country, to make America more like the rest of the world.” —Sen. Marco Rubio New Hampshire Republican Debate, Jan. 2016
  • 3. Some Liberals Do Openly Admire Europe  In a recent interview on ABC, George Stephanopoulos cautioned Sanders that Republicans were likely to jump all over him for saying the U.S. should be more like Scandinavia.  "That's right. And what's wrong with that?" Sanders replied. February 15, 2016 Ed Dolan’s Econ Blog Sen. Bernie Sanders speaking before Iowa Caucuses, January 2016
  • 4. Let’s Look at Some Data  To understand why some people want America to look more like Europe, let’s look at some data  Specifically, let’s look at the Social Progress Index, (SPI) which shows how well countries convert raw GDP into good lives for their citizens February 15, 2016 Ed Dolan’s Econ Blog Components of the Social Progress Index:  Basic Human Needs (nutrition, basic medical care, access to clean water, sanitation, shelter, and security from crime and terrorism)  Foundations of Wellbeing (literacy and quality of primary education, access to mobile phones and internet, life expectancy, and environmental quality)  Opportunity (political rights, freedom of speech and religion, property rights, tolerance, freedom of personal choice, and access to higher education)
  • 5. SPI vs. GDP: An Overview  This chart shows that the Social Progress Index increases as GDP per capita increases (black trendline)  The US does an average job of converting raw GDP to a good life for its citizens (it is right on the trendline)  Most European countries outperform the US on the SPI, in many cases even when their GDP per capita is lower February 15, 2016 Ed Dolan’s Econ Blog
  • 6. Basic Human Needs  Northern European countries (blue dots) all do better than the US in providing basic human needs  The US is below the trendline—it does worse than expected for such a wealthy country  Most of the middle-income countries of Eastern and Southern Europe (red squares) also do a better than expected job of providing for basic human needs February 15, 2016 Ed Dolan’s Econ Blog
  • 7. Foundations of Wellbeing  The picture is similar for the Foundations of Wellbeing component of the SPI  The US performs below the global trend  Most European countries do better than expected, given their level of income February 15, 2016 Ed Dolan’s Econ Blog
  • 8. Opportunity  The “Opportunity” component of the SPI is rich in indicators valued by conservatives, like personal freedom, property rights, and tolerance  The US performs well by these indicators, but not greatly above wealthy Northern European countries February 15, 2016 Ed Dolan’s Econ Blog
  • 9. The Bottom Line  If we look at the facts, it is not hard to see why some people think America should be more like Europe  Most European countries do a better job than the US of converting raw GDP into a good life for their citizens  They do better in satisfying basic human needs and providing the foundations of wellbeing without sacrificing key American values like personal freedom, property rights and tolerance February 15, 2016 Ed Dolan’s Econ Blog
  • 10. Click on the image to learn more about Ed Dolan’s Econ texts or visit www.bvtpublishing.com For more posts and slideshows, Follow Ed Dolan’s Econ Blog Follow @DolanEcon on Twitter