A couple of weeks ago, I spent a few days on the English south coast, in unexpectedly clement weather. 1,269 more words
3 weeks, 5 days ago
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
4 months, 2 weeks ago
FOO Law and Economics
This is a good summary of the Pigou vs. Coase debate on externalities. I have one comment: That the author should have brought Hayek into the picture. 301 more words
10 months, 3 weeks ago