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.

Dwight R. Lee is a Research Fellow at the Independent Institute and Affiliated Visiting Faculty Fellow in the Institute for the Study of Political Economy in the Miller College of Business at Ball State University.
Economic PolicyEconomyFree Market EconomicsPublic ChoiceRegulation
Other Independent Review articles by Dwight R. Lee
Summer 2023 Fiscal Recklessness, Path Dependence, and Expressive Voting
Summer 2019 The Fifth Risk: Undoing Democracy
Spring 2019 The Diversity Delusion: How Race and Gender Pandering Corrupt the University and Undermine Our Culture
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