World

Obama’s Economic Policies Suffer Without Moral Guide: Ron Klain

July 12 (Bloomberg) -- The science of economics rests on the idea that we are rational actors seeking to maximize our wealth. Economic policy making, similarly, seeks to maximize the financial well-being of the people affected by the policy, subject to distributional concerns. Policy makers presume that their constituents, collectively, prefer economic measures that, collectively, enrich them.

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