A Great Piece by Luis Zingales

Posted by Jeff Carter
on July 14th, 2012

Economist Luis Zingales has been one of the few that have consistently hit nails on the head when it comes to analyzing the policy decisions governments have made over the past several years. He wrote an excellent piece on orphan ideas recently. If you aren’t following him or reading him you should.

Here is a great paragraph that sums up my feeling on business in general.

Here is perhaps the biggest orphan idea: pro-market does not necessarily mean pro-business. A pro-business agenda aims at maximizing the profits of existing firms; a pro-market agenda, by contrast, seeks to encourage the best business conditions for everyone. Who benefits from evidence that an industry is too concentrated, its profit margins are too high, and consumers are being ripped off?

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