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I believe, what is it achievement of those who uses the approach which I name
"The economic theory of a blackboard". The considered policy concerns to
To the category of what are realizable on a blackboard. The necessary information
It is supposed accessible, and the teacher plays for all participants at once. It
Defines the prices, establishes taxes and distributes grants (on the slate
To board) for increase of the general well-being. But in the real economic
The system does not have any teacher. There is nobody to whom problems would be entrusted,
Solved on a blackboard. In the heart of teacher's consciousness (and sometimes and on
Surfaces), undoubtedly, there is a thought that in the real world
The government should carry out the same role, as it. But in the government is not present
Uniform body which in details would regulate economic activities,
Establishing conformity meanwhile that becomes in one place and in other. In
Real life there is a set of various firms and governmental agencies,
Each of which has own interests, a policy and powers.
The government carries out the to the policy, establishing (or eliminating)
The governmental agencies, changing laws on responsibility, or other
Way - entering licence establishments, giving in some questions
Does the part, choosing among the social institutes which are carrying out functions
Economic system. "The economic theory of a blackboard", undoubtedly,
Demands uncommon mental abilities and it can be useful at
Training of economists, but it withdraws us in a false direction in affairs
Economic policy. To avoid it, to us followed consider,
It demands not that approach which use the majority of the modern
VI. The Modern economic analysis and a heritage of Pigu
Well-being ECONOMY - the part of the economic theory devoted, besides
All other, government roles in business of regulation of economy, - in very
The big degree the Economic theory is based on job of Pigu"
Well-beings ", for the first time published in 1921, though last it
Part repeats the arguments stated already in its job "Riches and
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