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...

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