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The scales you completed was a measure of attitudes about whether government should
manage its budget based on macroeconomic or basic budget principles being developed by Ravi Iyer.
The scales is intended to measure four separate constructs. The first scale (basic budget beliefs) measures how much you think that government monetary policy should resemble household or corporate monetary policy. The second scale measures how much you think government should set policy according to macroeconomic beliefs. The third scale (growth goals) measures how much you think government policy should attempt to promote growth. The fourth scale measures how much you think government policy should attempt to promote individual well-being (well-being goals).
The idea behind the scale is that people have a particular cognitive framework when they think about monetary decisions. If their framework is a household budget, meaning that the government budget is similar to the budget of households or corporations, then that has an impact on policy positions that is different than if the government budget is seen as governed by more macroeconomic principles. In addition, policy positions on economic policy may also be driven by different goals. Research has shown that well-being goals lead to more equality based conceptions of justice, while growth goals can lead to a proportionality based sense of justice and allocation preferences.
Do you have ideas on improving this study? Or did you encounter any difficulties in answering the questions? Click here to send a message to the creators of this study.
The graph below shows your values on these scales
with your score (in green) compared to
those of the average Liberal (in blue)
, the average Conservative
(in red) , and the average Libertarian (in orange) visitor to this website.
To learn more about macroeconomics, you can read this Wikipedia article and to learn more about our ideas on economic policy and goals, you can read this draft of a paper.