In Econ101, you learn about "externalities (wiki) which are the parts of the human experience which don’t really “fit” in the rest of the economic model. That’s when you start getting the idea that you can’t just “line go up” for all of society and life.
Why doesn’t this article even mention externalities or market failure?
In Econ101, you learn about "externalities (wiki) which are the parts of the human experience which don’t really “fit” in the rest of the economic model. That’s when you start getting the idea that you can’t just “line go up” for all of society and life.
Why doesn’t this article even mention externalities or market failure?