The best part f the review is on institutions. We know how to reduce externalities; tax them. We knw how to redistribute at low cost; tax progressively and redistribute with cash-like transfers. But how to increase urban density, educate kids from dysfunctional families,or get that subway line built?
Book Review: Stubborn Attachments, by Tyler Cowen
The best part f the review is on institutions. We know how to reduce externalities; tax them. We knw how to redistribute at low cost; tax progressively and redistribute with cash-like transfers. But how to increase urban density, educate kids from dysfunctional families,or get that subway line built?