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Public Choice Economics

politics

Since we’ll be getting into some related topics soon in Microeconomics class, here’s an interesting take on the latesy controversy involving Jonathan Gruber.

Even democratic political processes that are inclusive and non-corrupt feature inordinate amounts of free-riding and other ‘market-failure’ flaws that render such processes much less likely to work to promote the general welfare than the champions of politics suppose.

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Categories: Microeconomics, Tax Policy
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