Blog
Robert Frank on a shaking invisible hand
Geoff Riley
25th May 2008
One of my favourite authors writes about the failings of the invisible hand and the case for a pollution tax
“When market prices convey accurate signals of cost and value, the invisible hand promotes the common good. But prices often diverge from cost and value and, in those cases, taxes can actually help steer resources toward more highly valued uses.”
New York Times article
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.