Art Carden, Samford University
Markets are marvels: they allow large groups of people who don’t know each other, who have vastly different arrays of knowledge and skills, and who might not even like one another if they met to cooperate to mutual advantage. When left to its own devices, a well-functioning market will maximize gains from trade. This, in turn, allows us to see how some government policies affect the well-being of producers and consumers. In the following pages, we will discuss how intervention affects the well-being of consumers and producers in the markets for rental housing and unskilled labor.
Download full PDF here.
Version 1.0: July 11, 2013
