More on the Difference Between Losses and Costs

(Don Boudreaux)

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The final version of my paper “Should Trade’s ‘Losers’ Be Compensated?: An Exploration of the Welfare Economics of the Losses and Costs of Economic Change” is published in the Journal of Law, Economics & Policy and is available on-line free of charge. Beneath the fold is a slice (footnotes and subheading deleted).

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