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Ten Rules for Public Economic Policy

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  • Yew-Kwang NG

    (Division of Economics, Nanyang Technological University, 14 Nanyang Drive, Singapore 637332.)

Abstract

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.

Suggested Citation

  • Yew-Kwang NG, 2017. "Ten Rules for Public Economic Policy," Economic Growth Centre Working Paper Series 1703, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.
  • Handle: RePEc:nan:wpaper:1703
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    References listed on IDEAS

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    More about this item

    Keywords

    Economic policy; ten rules; ten commandments; efficiency; public economics;

    JEL classification:

    • H00 - Public Economics - - General - - - General

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