bentarm comments on AndrewH's observation and opportunity costs - Less Wrong

22 Post author: Yvain 23 July 2009 11:36AM

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Comment author: bentarm 27 July 2009 12:19:49AM 3 points [-]

I doubt he was the first person to notice it, but Tyler Cowen has made this point more than once. I think it's also mentioned in Discover Your Inner Economist. Basically, it's trivially easy to find poor and deserving people who aren't begging, so why bid up the wages of beggars?