…‘their’ demographic dividend with the developed nations was folly from the start, and based on a faulty premise that ignores the negative externalities in the economies of scale computations, and,…

…accepted that this doesn’t always work in the presence of externalities; someone (i.e., government) has to be there to ensure that people don’t exercise their right to swing their fist…

…position, someone please let me know. But, assuming this is right, the problem with the Libertarian position is one of externalities. Dump toxic waste in a river that passes along…

…we can ill afford for externalities sake. Updated link in WaPo, thanks MG. Update 2: I recommend moseying over to Naked Capitalism for this piece on Elizabeth Warren and news,…

In the matter of externalities, accusing political enemies of being terrorists even after they are cleared of all wrongdoing is a feature of having economic power.* Good thing it’s not…

…incentives the rest of us have to watch out for the crooks. (And yes, I know, people living next to foreclosed homes suffer too. But externalities come in both positive…

…‘if only’, ‘other factors all being equal’ (slipping past the need for an answer), and platitudes about ‘the force’ taking care of things come what may, externalities not being important….

…no non-pecuniary externalities like pollution (the only externality is that my demand affects the price that you have to pay too). I will also assume symmetric information although there is…

…energy supplies for US pipeline companies who sell to Europe. This is vastly expensive military response to externalities from oil consumption. Response that is too expensive and counter productive. More…

…(arguably three, if you forget that Dean Baker, for instance, profited well by selling his home in 2003 or 2004) negative externalities to home ownership in an 800-word column. Those…