James Halperin, co-chair of Heritage Auctions, was interviewed about his experiences auctioning rare coins. Noting that when

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James Halperin, co-chair of Heritage Auctions, was interviewed about his experiences auctioning rare coins. Noting that when the auction house first opened in the 1970s,

“I used to proofread every catalog and ad, and looked at every coin we handled. But now . . . I can’t think of anyone I work with today whose job I could do better than they do.”

Suppose Halperin actually could do a better job of proofreading catalogs and advertisements and grading coins than anyone else the auction house employs. Would it make sense for him to still perform these activities? Briefly explain.

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Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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