Thursday, March 06, 2008
Craig Newmark hangs the sign on an economics department web page.
The homepage for Swarthmore's economics department presents seven "Questions of Economics". The first one is "What activities should governments undertake, and what can be left to markets?"To be fair, I guess I should show you ours. I think we're OK, but have at it.
"Left to markets"??
In the department in which I was trained and the one in which I work, this question would be posed differently: "For what activities is the market sufficiently inefficient--explain carefully why!--that we should consider allocating by government instead?"