Thread: Externalities
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Old Oct 28, 2003, 04:46 pm   #3 (permalink) (top)
Geoff332
Igneous Magma
 
Location: New Zealand
Posts: 309
That works for a small sub-set of positive externalities. A fair number of externalities are costs that should be incurred by businesses -- not opportunities. They are neither unseen nor uncomputable: they simply fall outside of the market. Many of the positive externalities are not genuinely exploitable (the example I gave does nothing to create additional exploitable opportunities). In either case, entrepreneurship is a very limited partial solution.
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