I’ve been doing a series about some of the things that, while they are very good, come in for much criticism and misunderstanding. These are being posted on the ASI blog (www.adamsmith.org/blog) under my name. The first four covered advertising, bankruptcies, profits and imports, but there will be at least ten of them in the series, maybe more.
The fact that things like these gain such a bad press is perhaps indicative of a general lack of understanding about how economics works, and of the limitations that come up when politicians try to steer it.
Filed under: Updates |
Madsen Pirie 