ECONOMICS OF CHOICE
Understanding how government policy impacts our lives and our children's lives today and in the future.
Introducing a better framework for understanding how the world works
In today's rapidly evolving world, we face a complex web of economic challenges that touch every aspect of our lives. From persistent inflation and widening income gaps to dwindling natural resources and mounting debt, these issues shape our ability to thrive both individually and collectively. The ripple effects of Federal Reserve policies and deepening political divisions further complicate our economic landscape.
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To navigate these turbulent waters and chart a course towards prosperity, we need more than just surface-level solutions. We require a fundamental shift in how we perceive and engage with the global economy.
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Enter the Economics of Choice model. This innovative framework recognizes the intricate connections between our time allocation, core values, and economic vitality. By understanding these relationships, we can unlock new pathways to address our current challenges and build a more resilient economic future.
Join us as we explore how informed choices can reshape our economic reality and pave the way for sustainable growth and shared prosperity.
An incomplete approach
People expect the economy to grow and blame the government when it doesn't. To keep voters happy, politicians often try to boost short-term growth by spending more or cutting taxes, even if it means going into debt. They also pressure the Federal Reserve to stimulate the economy. However, common economic theories don't fully explain how these actions affect long-term growth. The problem is, these quick fixes can be risky if not used carefully. We need to better understand when stimulating the economy helps in the long run, and when it might cause more harm than good.
Driving sustainable long-term growth
The Economics of Choice model shows how our pursuit of happiness links to the broader economy and society. It connects our productivity, economic growth, resource use, and environmental health with government policies and volunteer work. The model also considers how culture and values affect economic outcomes. By understanding these relationships, it aims to help everyone make better decisions, leading to a stronger economy and more fulfilling society.
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Learn how policy decisions made by all levels of government impact the quality of life of individuals around the world.
“The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.”
~Adam Smith, The Wealth of Nations.
