Price Control Pedantry
Posted in Price Controls, Price System, You Can't Have it Both Ways on Dec 17th, 2012
You might rightly accuse me of being a pedant when it comes to teaching students about price controls. One lesson I emphasize when teaching it is to ask students why they wish to intervene in particular markets and then to consider whether altering the incentive and informational signals embedded in prices is the right way […]
