Monday, July 31, 2006
Makiw's Top Ten
A co-worker passed along this list of Mankiw's 10 Principles.
I have some issues with his #7:
Governments Can Sometimes Improve Market Outcomes.
When a market fails to allocate resources efficiently, the government can change the outcome through public policy. Examples are regulations against monopolies and pollution.
I will accept his statement but not his examples. Sorry Mankiw...
I have some issues with his #7:
Governments Can Sometimes Improve Market Outcomes.
When a market fails to allocate resources efficiently, the government can change the outcome through public policy. Examples are regulations against monopolies and pollution.
I will accept his statement but not his examples. Sorry Mankiw...
