Tuesday, September 8, 2009

Pro-market vs. Pro-business

Click here for wisdom from Luigi Zingales of the University of Chicago (via Greg Mankiw's blog).

This is not the first time that I have recommended Zingales on this blog. The last link on this post from 10 months ago is to Zingales, and the entire post is still highly relevant since we still have a foreclosure crisis on our hands with no effective policy.

Although it is about Wall Street and Finance, Zingles' general point about not confusing a pro-business agenda with a pro-capitalism, pro-market agenda is very relevant to the water debate currently raging in California.

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