Murray Rothbard’s critique of the concept of externalities
From Man, Economy, and State with Power and Market. My annotations in blue. === Two favorite, seemingly scientific, justifications for government activity and enterprise are (a) what we might call the argument of “external benefits” and (b) the argument of “collective goods” or “collective wants.” Stripped of seemingly scientific or quasi-mathematical trappings, the first argument […]
Source: https://www.sabhlokcity.com/2023/10/murray-rothbards-critique-of-the-concept-of-externalities/
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