“However, if the government does not use the opportunity to make sure that everyone is better off (which rarely happens), the only way we can conclude that this is an improvement is by judging that benefits to the rich and the potential future benefits to the poor outweigh any losses the poor are now experiencing. That requires value judgement that go beyond those that economists are usually prepared to endorse.”
―
The Puzzle of Modern Economics: Science or Ideology?
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The Puzzle of Modern Economics: Science or Ideology?
by
Roger E. Backhouse
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