Suppose three children—Anne, Bob, and Carla—quarrel over a flute. Anne says it's hers because she's the only one who knows how to play it. Bob counters that he's the poorest and has no toys, so the flute would at least give him something to play with. Carla reminds Anne and Bob that she built the darn thing, and no sooner did she finish it than the other two started trying to take it away.Who should get the flute? Tough, isn't it? I guess that I am going to stick with Economic History and Regional Economics.
Tuesday, September 29, 2009
Economics is easy
Law is hard. Amartya Sen poses the dilemma: