Externalities

Externalities

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Fallacies of Free Markets

Examines assumptions underlying arguments for a pure free market system, showing the abstract notions that build the foundations of free market theory and providing examples of why those assumptions do not hold true in reality.

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Interview: Economic Policy Changes Will Move the Needle, Not Reusable Bags

Walking in Greenwich Village after Gernot Wagner’s talk at the New School last Tuesday, I realized that I’m probably not very far from the home of Colin Beavan, aka No Impact Man. I find it very interesting that these two bright people, who are so passionate about the future of the planet, have such different [...]

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The Market Failure of Plastic Bags

This post is part of a blogging series by economics students at the Presidio Graduate School’s MBA program. You can follow along here.  By Jourdan Phillips     Plastic bags were initially introduced to the US market in the 1950s for packaging items such as bread loaves.  In the 1970s, product utilization went mainstream as a shopping carrier bag [...]

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What Will the Economic Impact of the Deepwater Horizon Spill Be?

By Ali Chase for the NRDC As the country watches the oil slick licking the Gulf’s shores in horror, residents are looking at something else – their shrinking budgets. The economic impacts of the Deepwater Horizon spill are beginning to emerge, and the worst may be on the way. Fishermen cut off from their fishing [...]

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Thomas Schelling: A Marshall Plan for Climate Change?

By: Scott Shuffield The global warming debate is over.  Now the argument moves to solving the crisis of climate change.  Though often referred to in the context of “global warming,” the issues of climate change don’t just involve “warming” around the world but rather a general instability that could lead to innumerable negative externalities.   During [...]

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