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1 point for recognizing concept and (implied) values of externality in economic doctrine.

1 point for adding that barrier to ideation of GAAP doctrine (double-entry real number Q).

0 points for displacing the goal of the state: eliminating fossil fuel production by private firms.

Let's note the unstated assumption: Public interest is identical to private interest. This assumption is deeply, ironically ingrained in utilitarian ("neoliberal") economic rationales for legislative acts. This assumption is not true --especially in the USA-- wherever litigation of commercial business occur. Hence gmoke's disappointment with HLS "expert" testimony and spatic revivals of undead market failure literature examining quantitative, not qualitative, factors of "unmet demand."

Diversity is the key to economic and political evolution.

by Cat on Sat Jul 6th, 2019 at 01:44:21 PM EST
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