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Volume 19  Number 4  •  Spring 2015
Other Issues:  

Making the Case against “Price Gouging” Laws: A Challenge and an Opportunity
By Dwight R. Lee
This article appeared in the Spring 2015 issue of The Independent Review

Although roughly 1.5 million college students in the United States take courses in microeconomics each year, the American public strongly opposes economists’ recommendations against price controls even during natural disasters. Economists would probably be more effective if they were to explain that ethical norms appropriate for families and small affinity groups can be destructive when applied to society at large.

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