Tuesday, August 31, 2010

Pigou

Today we'll be talking about externalities.

Alfred Marshall first introduced the concept.

A.C. Pigou (a student of Marshall's) proposed a solution.


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1 comment:

Filorux said...

Here are the links to the "speeding ticket externality" posts I was talking about.

http://freakonomics.blogs.nytimes.com/2010/08/24/never-pay-a-speeding-ticket-again/

and

http://freakonomics.blogs.nytimes.com/2010/08/27/ticketfree-responds/

Ryan H

September 2, 2010 at 5:01 AM

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