Economics Dictionary of Arguments

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I 268
Environmental Damage/Costs/Rawls: (See Public Sector/Rawls): Second characteristic of public goods: Externality. The production of these goods is also at the expense of those who never profit from them. Not all wishes are considered. For example, environmental damage is not normally regulated by the market. For example, raw materials may be produced at a much lower cost than their marginal social costs. Here there is a difference between private and social accounting that the market does not register.
In this case, the indivisibility of public goods (e. g. infrastructure, freedoms, etc.) requires the state to take over the scheme.


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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution.
The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

Rawl I
J. Rawls
A Theory of Justice: Original Edition Oxford 2005


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