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Costs Must Be Weighed Against Benefits

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Costs Must Be Weighed Against Benefits
The authors of the Great Barrington Declaration at the American Institute for Economic Research, (L–R) Martin Kulldorff, Sunetra Gupta, Jay Bhattacharya, in October 2020. Taleed Brown via Wikimedia Commons
Walter E. Williams
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Commentary

One of the first lessons in an economics class is every action has a cost.

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Walter E. Williams
Walter E. Williams
Author
Walter E. Williams, Ph.D., is the John M. Olin Distinguished Professor of Economics at George Mason University in Fairfax. Author of several books and recepient of many awards and honors, he currently sits on several boards of directors and advisory boards, including the Hoover Institution, Grove City College, Cato Institute, Institute of Economic Affairs, and the Heritage Foundation.
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