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"There isn't a free market economist that wouldn't agree that the state has a role to play in ameliorating [negative third party externalities]" Actually there
by zarro 7y ago
"There isn't a free market economist that wouldn't agree that the state has a role to play in ameliorating [negative third party externalities]"
Actually there are plenty of free market economists that would argue that negative externalities are the result of poorly defined property rights.
- julienreszka 7y agotrue
- amanaplanacanal 7y agoThere would still be externalities, it's just that there would be a property owner who could sue.
- edanm 7y agoBetter defining property rights is a role that the state has to play. Property rights don't come out of thin air.