Economics of the Golden Mean: A Preliminary Enquiry

Abstract

The importance of the golden mean or moderation in daily human life has been advocated almost universally by all the great teachers of the world. In the sphere of economics, however, it seems to have been largely ignored. Determines whether preliminary evidence can be found to give some support to the golden mean in economics. Uses the data for the 50 states of the USA, and the preliminary finding indicates that ideologically moderate (golden mean) states do seem to perform better than conservative states. But liberal states fare still better. One possible explanation for this is that liberal states in the USA are really moderates in the ideological spectrum of the world.

Citation

Sun, L. (1992), "Economics of the Golden Mean: A Preliminary Enquiry", International Journal of Social Economics, Vol. 19 No. 1, pp. 47-59. https://doi.org/10.1108/03068299210007616