Saturday, May 17, 2014

Frank Wolak's LA Times Editorial

Economics professors have a lot of constructive ideas for improving quality of life.  But, we lack political clout (since most people seek free lunches, fear transparency, and don't appreciate the power of unleashing free markets) both in designing public policy and in running universities.  Frank Wolak's piece in yesterday's LA Times  represents a nice example of how economic logic can make a difference if administrators and activists are willing to listen to us.  Give us the clout and Econ 101's tools will allow us to achieve your goals at a lower cost to society.