Free Markets Under Siege
A survey of government performance across a range of indicators
Richard A. Epstein explains how getting the 'easy questions' right may be more important than solving the 'hard questions'
Epstein explains how liberal economists, politicians and civil servants often spend much time discussing ‘difficult’ cases. While these issues may be important to particular groups in society, the implications of getting ‘difficult’ cases wrong is not serious. Thus policy-makers and their advisers, Epstein says, would do well to concentrate on the ‘easy’ cases.
In his study, Professor Epstein uses evidence and analysis derived from the disciplines of both law and economics. Professor Geoffrey E. Wood provides a commentary that elucidates Epstein’s argument and shows how it can be further applied to policy issues relevant to the UK.
2004, Occasional Paper 132, ISBN 0 255 36553 5, 106pp, PB