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"Economists dismiss costs that aren't included in price. For them the cost that matters is the price paid by consumers." - Paul Craig Roberts, Which Is Worse: R
by winestock 15y ago
"Economists dismiss costs that aren't included in price. For them the cost that matters is the price paid by consumers."
- Paul Craig Roberts, Which Is Worse: Regulation Or De-Regulation?
Sadly, customers often act the same way as economists on this issue.
EDIT: Punctuation
- neilk 15y agoBad economists maybe. DanI-S's sibling comment to yours points out the costs that this offloads onto the government and health care system.