Mises Wire
Author:
Vincent de Van
Online Publish Date:
Perhaps the greatest lesson to be learned in economics is that public policies have seen and unseen effects. The mastery of such a lesson is what separates and indirect consequences. The bad economist sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also are thirty-eight years of attempted patent protection that are blocking generic competition sought by drug makers for each of these top-grossing drugs—or nearly