Re-publishing this, because I rewrote the post a bit.
Re-publishing this, because I rewrote the post a bit.
Target audience is people who like to talk about "negative externalities" and the need to "internalize" them.
Although at this point, it might make strategic sense to use the language of neoclassical economists to push for (e.g.) a carbon tax, we should recognize the fundamental flaws in the underlying world view.
https://mishathings.org/posts/internalize-this-environmental-economics/