All Posts Tagged With: "negative externalities"
How a Free Society Could Solve Global Warming
The phrase “global warming” has been around for quite some time, but in the past year it has captured the spotlight as never before. One can’t turn on the radio or open a newspaper without facing ads from “green” corporations, or hearing the latest way to reduce one’s “carbon footprint.” With even prominent Republicans (such [...]
1Oct2007 | Gene Callahan | 11 comments | ContinuedThe Disconnect Between Political Promises and Performance
What can politicians do to create more higher paying jobs? Politicians must think that most of us believe the answer is: a lot. One of the most persistent campaign promises is the creation of good jobs at good wages. I shall argue that politicians can do quite a number of things to increase high-wage employment. [...]
1Apr2006 | Dwight R. Lee | 0 comments | ContinuedThe Ultimate Externality
Pick an economist at random and ask him or her, “What is government’s chief role?” The likely answer will be, “To correct market failures.” Economists have long understood that markets aren’t textbook perfect. Sometimes they fail, most notably when part of the cost of a person’s actions is shifted onto others who don’t consent to [...]
1Dec2001 | Donald J. Boudreaux | 1 comment | ContinuedEconomics, Law, and Personal Relationships
David Laband is a professor of economics at Auburn University, Auburn, Alabama. John Sophocleus is an instructor in Auburn’s economics department. Two recent, headline-making judicial decisions in civil cases offer striking reminders about why judges, juries, and legislators would benefit from instruction in basic economic principles. The decisions rendered in these cases involving personal relationship [...]
1Jan1998 | and David N. Laband | 1 comment | ContinuedThe Market Didn’t Do It
Critics of the marketplace are often both appallingly ignorant of why markets are so valuable, and anxious to believe that markets possess powers that they simply don’t possess. The marketplace is an extraordinary social institution, but if it caused as many problems as its critics claim, it would be even more extraordinary than it is. [...]
1Dec1996 | Dwight R. Lee | 0 comments | ContinuedExternalities and the Environment
Ms. Santoriello is a student, and Dr. Block a professor of economics, at the College of the Holy Cross in Worcester, Massachusetts. We operate under a free enterprise economic system that produces plastic milk jugs and redwood picnic tables. The market is therefore responsible for such environmental problems as too much plastic trash and too [...]
1Nov1996 | Andrea Santoriello | 1 comment | Continued-
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