Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/Externalities

What’s in a name?

…no matter the labels thrown upon them, going back 1000s of years. Its recurring features — concentrated power, weak accountability mechanisms, suppression of organized opposition — are structural problems of…

Nature bats last

…columns and rows to “internalize the externalities” in their ledgers, but they could not add what they could not measure. Their optimal exploitation and discharge diagrams seemed complete, but they…

Improper Concepts to Measure

…welfare-orientated accounts that would focus on sustainability and address the externalities and social costs associated with economic development. Work by Nordhaus and Tobin (1973), among others, on adjusting traditional economic…