Economics Dictionary of Arguments

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Costs: In economics, costs represent the resources or sacrifices incurred to produce goods or services. These include explicit costs (direct expenses like wages, materials) and implicit costs (opportunity costs, such as foregone alternatives). Costs influence production decisions, pricing strategies, and overall economic efficiency, essential in assessing profitability and resource allocation.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Lawrence Lessig on Costs - Dictionary of Arguments

I 123
Costs/dimension/Lessig: Each constraint imposes a different kind of cost on the dot [(s) e. g. a thing, a person] for engaging in the relevant behavior—in this case, smoking. The cost from norms is different from the market cost, which is different from the cost from law and the cost from the (cancerous) architecture [(s) technical structure] of cigarettes.
I 337
The cost of “piracy” is significantly less than the cost of spam. Indeed, the total cost of spam—adding consumers to corporations—exceeds the total annual revenues of the recording industry. (1) So how does this difference in harm calibrate with what Congress has done to respond to each of these two problems?
>Spam.

1. David Blackburn, “On-line Piracy and RecordedMusic Sales” (Harvard University, Job
Market Paper, 2004.


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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. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

Lessig I
Lawrence Lessig
Code: Version 2.0 New York 2006ff


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