6 One explanation for the shortsightedness effect in the public sector is that future voters cannot vote

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6 One explanation for the shortsightedness effect in the public sector is that future voters cannot vote now to represent their future interests. Are the interests of future generations represented in market decisions? For example, if the price of chromium were expected to rise rapidly over the next 30 years due to increased scarcity, how could speculators grow rich while providing the next generation with more chromium at the expense of current consumers?

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Essentials Of Economics

ISBN: 396414

2nd Edition

Authors: James D Gwartney; Richard Stroup; J R Clark

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