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2 votes

Is non-monetary economy formally possible?

Is it principally and theoretically possible to remove money from economy? Trivially, it is theoretically possible. Most microeconomic theoretical models do not even have money in them (e.g. see MWG ...
1muflon1's user avatar
  • 56.9k
2 votes

Why does the voter paradox entail 0 turnout?

The probability of changing the outcome of the election with your vote (p) does not decrease with the population size but instead with the total number of votes cast. As the population increases, the ...
H Rogers's user avatar
  • 638
2 votes

Is there a name for adjusting bad regulation until its negative impact is no longer detectable?

There is term policy optimization or optimal policy design or just policy design, which refers to idea of optimizing or fine tuning public policy. It is a term that will be mentioned in any ...
1muflon1's user avatar
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1 vote

If land value taxes should be estimated at highest and best use, wouldn't that mean that planning/zoning gain would not be captured?

Highest and Best Use is based upon what is legally permissible. "The highest and best use considers only the uses that are legally permissible (meeting zoning, health, and public restrictions), ...
user13353's user avatar
1 vote

Clarification on GDP comparisons

Depends on your definition of powerful. GDP measures gross production. If BRICS GDP > G7 GDP, then that means BRICS can produce in a given period for which GDP was calculated more value than G7. If ...
1muflon1's user avatar
  • 56.9k
1 vote

Market failure in the provision of facilities for people with disabilities

Is inequity a kind of market failure? As muflon said, no its not. Market failure is a situation where individual rationality does not lead to group rationality. In other worse, the actions of self-...
Governology's user avatar

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