Jesús Fernández-Villaverde of the School of Arts & Sciences spoke about the pandemic’s effects on the U.S. economy and, more importantly, the populace’s well-being. “I always tell undergraduates, when they take economics with me, that economics is not about optimizing output,” he said. “It’s about optimizing welfare.”
https://www.nytimes.com/2021/09/09/us/politics/biden-vaccines-economy.html The New York Times