Sunday, October 30, 2016

Annotated Bibliography

Joseph Stiglitz, Rent Seeking and the Making of an Unequal Society (p. 393)

This excerpt talks about how vast the economic gap is from the people living in poverty to the top 1%. The fiscal inequality that comes with this huge contrasting wage gap cannot be ignored any longer. This will relate to my topic of social welfare and its policy in the lower class because the economic gap contributes significantly towards policy making for welfare.

Steven Johnson, The Myth of the Ant Queen (192)

In Johnson's excerpt, he mainly focuses on how the collective intelligence of a group is far superior to the intelligence that an individual can exhibit. He gives examples of how cities form, how ant colonies behave, etc. 

Ethan Watters, The Mega-Marketing of Depression in Japan (512)

Watters talks about how the stigma of depression and other mental illnesses are so severe and extreme in Japan. Although a lot of people do suffer from these illnesses, it is kept under the rug and very hush hush.

Kaushik Basu, Beyond the Invisible Hand: Groundwork for a New Economics (Princeton: Princeton University Press, 2011)

This is an analysis found in Stiglitz's excerpt that says that under ieal conditions, everybody in the economy should be faring well and the ideal economy is like a scale, where if somebody is better off that is a direct result of somebody becoming worse off. 

Francois Bourguignon and Sebastien Dessus, "Equity and Development: Political Economy Considerations" 

This article is talking about how those in power give up their power for the greater good. 

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