And Sometimes A Cigar Is A Negative Externality.
I'll bet Duke political science professor Mike Munger's classes in political economy are a lot funnier than the political economy class I attended under Professor Whatsisname 25 years ago.
Just for fun:
You may find Professor Munger's fuller explanation of the problem of negative externalities here.
Last 5 posts by Patrick Non-White
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- if you MARRY! like your REPRODUCE! doctor you OBEY! can keep NO INDEPENDENT THOUGHT! your doctor. SUBMIT! if you CONSUME! like your STAY ASLEEP! plan you can WATCH TV! keep it. BUY! period. NO IMAGINATION! - December 4th, 2013