Steven D. Levitt Quote
ONCE YOU STRIP AWAY the religious fervor and scientific complexity, an incredibly simple dilemma lies at the heart of global warming. Economists fondly call it an externality. What’s an externality? It’s what happens when someone takes an action but someone else, without agreeing, pays some or all the costs of that action. An externality is an economic version of taxation without representation. If you happen to live downwind from a fertilizer factory, the ammonium stench is an externality
Steven D. Levitt
ONCE YOU STRIP AWAY the religious fervor and scientific complexity, an incredibly simple dilemma lies at the heart of global warming. Economists fondly call it an externality. What’s an externality? It’s what happens when someone takes an action but someone else, without agreeing, pays some or all the costs of that action. An externality is an economic version of taxation without representation. If you happen to live downwind from a fertilizer factory, the ammonium stench is an externality
Related Quotes
Young women today feel vulnerable to judgment; if a harsh sentence is passed (or even suspected or projected), it is not her reputation that suffers so much as the stability of her moral universe. The...
Naomi Wolf
Tags:
beauty, equality, society, self esteem, culture, aging, feminism, sexuality, images, body image
The downfall of the attempts of governments and leaders to unite mankind is found in this- in the wrong message that we should see everyone as the same. This is the root of the failure of harmony. Bec...
C. JoyBell C.
Tags:
equality, government, inspirational, peace, society, inspiration, humanity, humanism, human, culture