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Stockton Criticat of Cost Subsidies
Frank T. Stockton dean of the University school of business at the University of Kansas City critiques cost driven policies. He argues that tariffs and subsidies protect high cost producers, hamper buyers, and that new jobs come from more goods sold, not reduced hours. He cites the AAA, NRA, and Townsend plan as examples while urging care for workers displaced by technology.
MENTIONED IN THIS ARTICLE
Frank T. Stockton
University School of Business
University of Kansas City
Dean Stockton
AAA
Resettlement Administration
NRA
England