Firms would be given initial entitlements to gross markup on the basis of past performance. These entitlements would be transferable and a market in them would be developed.
William Vickrey Quotes
If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.
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William Vickrey (19)
Birth: | 21st June, 1914 |
Death: | 11th October, 1996 |
Nationality: | Canadian |
Profession: | Economist |
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