tag:blogger.com,1999:blog-1145198247762305957.post6898159494331203139..comments2024-03-16T01:04:48.565-05:00Comments on Setting Things Straight: Setting externalities straight: the elephant in the roomSilas Bartahttp://www.blogger.com/profile/09480427306873460464noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1145198247762305957.post-16871358207778965792010-01-17T14:58:58.633-06:002010-01-17T14:58:58.633-06:00"But that "doesn't matter" beca..."But that "doesn't matter" because it's "just" a transfer payment. You lost, and I gained. Only when there are are *no* gainers do we see an "inefficiency" and therefore a problem. Here, there is no problem."<br /><br />But there is an economic loss in this example: the time energy and money expended in performing the extortion. The pecuniary transfer may balance out, but the extortion did not happen without cost, so on net there is a loss.<br /><br />This case does illustrates rent seeking, which is economically inefficient, so I would imagine most economists would have a problem with it.S. F. Griffinhttps://www.blogger.com/profile/13475452868950390322noreply@blogger.comtag:blogger.com,1999:blog-1145198247762305957.post-16809848781253567392009-11-26T20:38:42.436-06:002009-11-26T20:38:42.436-06:00Silas, is this all about whether or not polluting ...Silas, is this all about whether or not polluting should be considered an actionable property violation offense? Murphy says "no" and you say "yes"? Or, am I missing something? Thanks.klonopinnoreply@blogger.comtag:blogger.com,1999:blog-1145198247762305957.post-32505684960306869692009-01-29T22:58:00.000-06:002009-01-29T22:58:00.000-06:00If the climate is caused by the actions of others,...If the climate is caused by the actions of others, and that climate causes something that would be considered aggression if a human did it, then people are victim to those others.Silas Bartahttps://www.blogger.com/profile/09480427306873460464noreply@blogger.comtag:blogger.com,1999:blog-1145198247762305957.post-73914871737692394462009-01-29T17:14:00.000-06:002009-01-29T17:14:00.000-06:00"the victims of global warming should *not* be the..."the victims of global warming should *not* be the ones that have to buy out the polluters,"<BR/><BR/>What victims? People aren't victims to climate, only to weather.<BR/><BR/>If only for the simple reason that you'll die before the climate changes enough to effect you.Brian Mackerhttps://www.blogger.com/profile/10186974009384447015noreply@blogger.com