3 ms·
I’d like to add to this that a negative externality that is not priced in is a classical example of market failure in economical thinking. It’s an example of ca
by c1sc0 3y ago
I’d like to add to this that a negative externality that is not priced in is a classical example of market failure in economical thinking. It’s an example of capitalism failing. I’m all for free markets, they are an extremely effective way of getting some things done.but not always.