I Do Not Heart Reusable Shopping Bags
Posted in Environment, Market Failures on Oct 26th, 2010
If market prices do not reflect the full social costs of a product, then “markets” will overproduce those goods. Consider the case of plastic shopping bags. It is argued that plastic bags take up too much landfill space, and that their production emits dangerous CO2 which will cause the planet to warm. In the retail […]
