Ten Rules for Public Economic Policy
Yew-Kwang Ng ()
No 1703, Economic Growth Centre Working Paper Series from Nanyang Technological University, School of Social Sciences, Economic Growth Centre
This paper discusses ten simple rules for the formulation of public economic policies efficiently, using both old wisdom and recent results. The ten rules are: Using the Invisible Hand; Provision of Essential Public Goods; Reducing Excessive Inequalities Efficiently; Adopt Free Trade and Eliminate Administrative and Collusive Monopolies; Provide Useful Information and Regulation; Raise Taxes Efficiently; Mitigate against Excessive Market Fluctuations; Undertake Public Projects Efficiently; Soft Paternalism; Happiness-Oriented Objectives. Justifications and qualifications are discussed.
Keywords: Economic policy; ten rules; ten commandments; efficiency; public economics (search for similar items in EconPapers)
JEL-codes: H00 (search for similar items in EconPapers)
Pages: 23 pages
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Journal Article: Ten rules for public economic policy (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:nan:wpaper:1703
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