6th December 2017
Two essential papers – by Daniel Klein and Richard Ebeling – if you ever wish to make good public policy
I’ve found Daniel Klein’s paper Trust for Hire to be one of the most insightful about how markets regulate trust. Unfortunately, it is not readily available on the internet (at least I was unable to find it), so I’ve finally taken the time to scan and OCR it.
The paper is now available here in Word format. This must be made mandatory reading for every policy maker, given the amount of statist rubbish that comes out of most policy makers’ thick heads.
In like vein, this latest paper by Richard Ebeling is a must read: Capitalism and Asymmetric Information.
These papers warn us against rushing to resolve alleged “information failures” through licensing/ registration and other statist means.