Summary
[...] when there are myriad substitutes to the same end - driving, taking the bus, taking the subway, riding a bike, walk- ing, running, hitchhiking, skateboarding, roller skating, riding a motorcycle, riding a horse - eliminating a sin- gle means does not preclude the acting individual from achieving that end. [...] this could be done several times in short order, driving at high speed into a crowd outside one building and then leaving the scene in order to do it again outside another building. [...] this type of mass killing occurs so frequently that we are nearly immune to news of it.
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Gun Control: An Economic Analysis
In Economics 101 we teach students about several fundamental concepts, including the relationship between means and ends, forward-looking behavior, the use of substitutes, opportunity cost, and the role of moral hazard. Further, we insist that these concepts can be used to help understand the world around us and have applicability far beyond the classroom.
Yet, all too often, students fail to apply these lessons to serious policy issues. Instead of applying economics, they get blinded by knee-jerk reactions, hysteria, or ideology, reducing serious issues to b...See the full content of this document
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