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Nobel Prize-winning economist: stick to markets

March 25th, 2009 Posted in Economics by

Anyone see this piece in the Wall Street Journal a few days ago?:

“Now Is No Time to Give Up on Markets”

A synopsis, if I may:

It’s an interview with Professor Gary Becker, winner of a Nobel prize, who explains that now more than ever we need markets to cure the world of its ills.

He concludes:

“When the market economy is compared to alternatives, nothing is better at raising productivity, reducing poverty, improving health and integrating the people of the world.”

Do you concur, my interweb buddies? Yes or no, go take a butcher’s.

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