When asked whether “Letting car services such as Uber or Lyft compete with taxi firms on equal footing regarding genuine safety and insurance requirements, but without restrictions on prices or routes, raises consumer welfare,” the responses varied only in the intensity with which they agreed. Of the 40 economists who responded, 60 percent “strongly agree,” 40 percent “agree,” and while zero responded that they were “uncertain,” none “disagree” nor did any “strongly disagree.” On this issue at least, it’s time to retire the caricature of the two-handed economist.
Economists Agree on Something
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Author of Economics: The Remarkable Story of How the Economy Works