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Test your knowledge / some entertainment

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yessir Posted: Fri, Apr 13 2012 1:48 PM

Attached is text from a book on quality of life. May be used to test your abillity to deal with externality/market failure argument, or for a good laugh.

 

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yessir replied on Mon, Apr 16 2012 9:15 AM

Any ideas. I find it such a broad interprtation of externalities.

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Re the first sentence: This wouldn't happen in a free market.

"They all look upon progressing material improvement as upon a self-acting process." - Ludwig von Mises
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