Helping The Poor? Economics vs. Emotions

“Despite the belief shared by many that economists are heartless, helping the poor has been at the center of economics from the very beginning.  …the main motivation of economics is to explain the reasons that make the whole world better off”. – Nicholas Snow

No one likes to see anyone suffer.  That is why we are so emotional when we see any person in dire need.  Is it best to look at things emotionally when making policies?  Is there a process that can more objective?

Follow the link for the article…

http://www.fee.org/from-the-archives/helping-the-poor-economics-vs-emotion/

Thank you, Peter Boettke for the link.

I have a nice article to bookend Snow’s thoughts.  My friend, David Loeper, wrote an article about how to support the causes you value.  I will see if I can find it.

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About Christopher Hessenflow

Christopher Hessenflow is a financial planner in the Chicago area. He works with all sorts of people who are much more interesting than he is. He enjoys his career which lends him time to think and, sometimes, be creative. Chip was born bald.
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