tag:blogger.com,1999:blog-2830084253401570472.post6248582699479040081..comments2024-03-28T09:22:36.967+13:00Comments on Offsetting Behaviour: Goff fails my intermediate micro examEric Cramptonhttp://www.blogger.com/profile/15831696523324469713noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2830084253401570472.post-74039164217923707262011-11-05T09:04:48.228+13:002011-11-05T09:04:48.228+13:00See the problem is you are not using the political...See the problem is you are not using the political definition of market failure. In the politicial world a market failure is anything that you don't like that you would happily intervene in to make it how you think it should be. This rule is especially relevant in election years or if any market does something that might make you less electable.<br />NeilNeilnoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-92162233936791856612011-11-03T23:12:22.979+13:002011-11-03T23:12:22.979+13:00Could we get every journalist in the country to re...Could we get every journalist in the country to read this simple and clear post? <br />Thanks<br />Jeff WAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-33516508438436412992011-11-03T13:45:52.607+13:002011-11-03T13:45:52.607+13:00It is truly baffling trying to understand what Lab...It is truly baffling trying to understand what Labour is proposing with this one.<br /><br />I can only imagine they are going to buy non-residential zoned farmland, and re-zone themselves to capture the value increase associated with the zoning and then sell them on at cost.<br /><br />I would term it - Taking the implicit nationalisation of property rights through zoning, and making it explicit.swannoreply@blogger.com