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MARKET INCENTIVES
THINKING STRATEGICALLY ABOUT REGULATIONS
1Friday, October 23, 2009
 
PRESUMPTIONS
 SUSTAINABLE ECONOMIC GROWTH REQUIRESTECHNOLOGICAL INNOVATION AND LABOR BE APPLIED TOKEY SECTORS OF THE ECONOMYTASK OF MARKETS IS TO ALLOCATE CAPITAL TO MOST  PRODUCTIVE PARTS OF THE ECONOMYMARKET TRANSACTIONS REQUIRE ECONOMIC INFORMATION TO ADOPT TECHNOLOGICAL INNOVATIONS & REALLOCATE LABOR TO MORE PRODUCTIVE USES
2Friday, October 23, 2009
 
PRESUMPTIVE FALLACIES
MARKETS ARE ‘RATIONAL’ - MARKET TRANSACTIONS ARE NOT REGULATED UNLESS THEY MUST BECAPITALISM MEANS UNREGULATED MARKETS -INDUSTRIAL INPUTS & OUTPUTS OF ECONOMY ARE NOT REGULATED UNLESS THEY NEED TO BENOTE: MARKETS CANNOT ALLOCATE CAPITAL EFFICIENTLY IF SYSTEMIC RISKS ARE NOT COSTED PROPERLY
3Friday, October 23, 2009
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