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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Other Independent Review articles by Dwight R. Lee
    Spring 2019   The Diversity Delusion
    Summer 2014   The Two Moralities of the Minimum Wage
    Fall 2012   Moderating the Dark Side of Emotional Morality with the Bright Side of Market Morality
[View All (11)]