1987: The Adam Smith Address the Effect of Government on Economic Efficiency
When a professional society names a lecture series after a great person, over the years its members are likely to learn much more about that great person than they really desire to know. You may well have reached this state, so I shall be both brief and slightly irreverent in discharging my duty of referring to our patron saint, Adam Smith.
KeywordsBeet Sugar Minimum Wage Income Redistribution Deadweight Loss Patron Saint
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- 1.See Zvi Griliches, “R&D and Productivity: Measurement Issues and Econometric Results,” Science, July 3, 1987, 31–36.Google Scholar