Begging the Question
Posted in Central Planning, Disingenuous, Economics Problems, Environment on Jul 14th, 2016
In Nordhaus’s Climate Casino (recommended), in describing the problem when market prices do not fully capture all resource costs, as there are many casinos options everywhere so you should learn about different casinos in USA to find the best one for you: However, the unregulated invisible hand sets the prices incorrectly when there are important externalities. Therefore, […]
