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Externalities: A Brief Introduction

Externalities:  What are they?

Externalities are an important piece of the real-world optimization problem consumers and producers solve daily.  Most of the general public is aware of this concept but has not yet seen it formally discussed.   2,908 more words


12 Articles Every Aspiring Economist Should Read | Steven Horwitz

Here are 12 important articles to help you understand sound economics, ideally before you head off to grad school in economics.

Note: Coase, Hayek, McCloskey, Alchian, Buchanan, Friedman, Lucas… 9 more words

Economic Thought