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.
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.
Other Independent Review articles by Dwight R. Lee | ||
Summer 2019 | The Fifth Risk: Undoing Democracy | |
Spring 2019 | The Diversity Delusion: How Race and Gender Pandering Corrupt the University and Undermine Our Culture | |
Summer 2014 | The Two Moralities of the Minimum Wage | |
[View All (12)] |