Yes must be the answer.
But not every thinker agrees.
Read the paper by
Gilles Saint-Paul
University of Toulouse I - GREMAQ-IDEI; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute for Economic Research); Institute for the Study of Labor (IZA)
May 2002
CESifo Working Paper Series No. 726
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=316768
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