True or False: Speculators are less harmful to society than they at first appear, because they sometimes

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True or False: Speculators are less harmful to society than they at first appear, because they sometimes err in forecasting the future and their losses due to these errors compensate the rest of us for their gains when they are right.

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Price theory and applications

ISBN: 978-0538746458

8th edition

Authors: Steven E landsburg

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Question Posted: Jan 24, 2013 08:25 AM

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True or False: Speculators are less harmful to society than they at first appear, because they sometimes

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False Exhibit demonstrates that the speculator is harmful to socie...View the full answer

Price theory and applications

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