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| | Slate - Dismal Scientist - April 17, 1997 |
 | | artly this is just because of who economists are: Being by definition well-educated and, for the most part, pretty well-off, they have the usual prejudices of their class--and most upper-middle-class Americans are sentimental about the environment, as long as protecting it does not impinge on their lifestyle. |
 | | Everyone knows that economists are people who know the price of everything and the value of nothing, who think that anything that increases gross domestic product is good and anything else is worthless, and who believe that whatever free markets do must be right. |
 | | True, economists generally believe that a system of free markets is a pretty efficient way to run an economy, as long as the prices are right--as long, in particular, as people pay the true social cost of their actions. |
| web.mit.edu /krugman/www/green.html (1657 words) |
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