Re: 2007 Nobel Prize for Economics winner on free markets
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If what Bush champions is "free market orthodoxy" then I agree, I am opposed to "free market orthodoxy."
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From the article:
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"So the theory of mechanism design asks what sort of procedures or mechanisms or institutions could be put in place which allow us to choose the right level," he said.
Those mechanisms could include taxes to allow the more efficient provision of public goods [such as the environment], he said.
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I don't think you would agree with this?
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