Thursday, January 24, 2008

ECON 365: Unintended Consequences

Here is a link to the recent Freakonomics column on unintended consequences that I referred to in class.

Also, in case you are interested here is prominent economics blogger Tyler Cowen's thoughts on the article.

Note -- while the unintended consequences they identify certainly reduce the expected benefits of the programs they describe, the existence of these negative consequences does not necessarily imply that the laws are, on net, bad. While it would be great to remedy these adverse effects, it's still possible that these laws improve outcomes by more than whatever the next best alternative is.

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