If you want people to consume less water, there are roughly two ways you could do it. One is to raise the price of water, and the other is to simply mandate that everyone cut back on their water consumption. Either will work, but they work in different ways. And an important recent study from Casey Wichman, Laura Taylor, and Roger von Haefen suggests that the difference in how they work has crucial implications for how we think about a wide variety of issues. When economic inequality is really severe, using prices to regulate the distribution of scarce goods...
[Source: www.vox.com] [ Comments ] [See why this is trending]