Simple Question
9th May 2012
Don Boudreaux notices that the emperor is starkers.
Why is it still regarded as scientifically valid to propose a government program (such as the one proposed by Posner and Weyl) whose success requires that the administrators who carry out the program possess and act on a degree of other-regarding motives and unbiased system-wide knowledge that, were such motives and knowledge assumed to guide the actions of people in the private sector, would immediately and properly be dismissed as too unrealistic to take seriously?