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Preface Introduction Why Economic Theory Can't Tell us What to Do about Policy Why Empirical Data Can't Tell us What to Do about Policy Why Fairness Can't Tell us What to Do about Policy Why Democracies Won't Choose the Best Policies The Pursuit of Profit Involuntary Transfers Voluntary Exchange and Competition Voluntary Transfers A New Guide to Policy Choice in an Era of Globalization A Policy Plan for the US Bibliography

A moderate compromise: economic policy choice in an era of globalization