Competition, governments and economists

I believe, a s a general rule most economic legislation works to restrict competition by overruling the fundamentals of the perfect competition model.  Patent and copyright, licensing, tariffs and subsidies all restrict competition.  Therefore business people have a large interest in ensuring that only that type of legislation gets passed.

I also believe the main function of economist is not to solve economic problems but to provide a sort of religious legitimacy to our economic activity.  They allow us to feel we are doing something good as we use up scarce resources and as some people exploit others.

Now, I encourage you to have a look at this article economists working in academia , the financial industry and government.

 

 

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