Externalities are political, not based on any science or evidence
This is an extract from a 2000 paper, Review: Externalities and Other Parasites, by Don Herzog === Externalities Next, consider externalities. Sometimes markets fail, agree economists, though it is controversial just when they do, controversial too whether state intervention would improve matters. And sometimes they fail because the reigning system of property rights doesn’t force […]
Source: https://www.sabhlokcity.com/2023/11/externalities-are-political-not-based-on-any-science-or-evidence/
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