Thoughts on economics and liberty

The problem of social benefit: What problem?

“Society might be far better off if the “problem” of social cost had never been discovered”

Prof. Charles Rowley, 1978

I’d say that the misuse of the “problem of social cost” pales in comparison with the reckless harms caused by the alleged “problem of social benefit”.

I’m writing a paper on positive externalities. Will publish here in due course.

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Sanjeev Sabhlok

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