…does not. Nevertheless, I am going to note how they may also be in conflict. A crucial issue here involves externalities. I think that social capital involves and leads to…

Some libertarians oppose vaccine mandates by claiming that unvaccinated people only impose costs on themselves. However, as I noted in an earlier post, we’re all paying for the vaccine hesitancy…

…sold at major retailers today, such as legendary Half of Fame MLB pitcher Nolan Ryan’s private label beef that is carried exclusively at Kroger stores, or at his private label…

…cause externalities through prices (pecuniary externalities). If you buy an apple, I can’t buy that apple. I might have wanted to buy it, so your transaction reduces my welfare. This…

…requirements are rational expectations, well defined property rights, price taking behavior (which is really stronger than saying no agent has market power), no nonpecuniary externalities which implies, among other things,…

…hallucinations about “Green New Deals” and “Environmental Kuznets Curves.” “Decoupling,” “rebound effects” and “externalities” are three terms that invite systematic incomprehension. The first two are dead metaphors and the third…

…non optimal for externalities like congestion, emissions and safety. The challenge is to incent both fuel efficiency and other positive externalities. One of my favorite books on the negative externalities…

…physicians what they already k new, Depakote was a very valuable medication for “off-label” (unapproved uses). In the irony department, prescribing and administering Depakote for off-label uses is legal, and…

…information about products’ energy use. Label is voluntary, and Congress ordered it The Energy Star label is voluntary for products that meet certain efficiency levels, and differs from Department of…

…of Bowie’s oeuvre had provided a level of patronage that’s inconceivable for a musician of Bowie’s bent today…he spent the Nineties as a free agent, jumping from label to label,…