Tagged: Pigou

Neighbourhood externalities - The Dismal Science

Eric Crampton Nov 14, 2014

Adam Gurri provides a moral challenge to Paretean welfare economics.All this only works if you think one preference is just as good as another, and maximizing preferences is a wonderful goal for a moral philosophy. I, for one, think that this is a terrible goal for morality, especially taken in isolation.My favorite example of this model’s utter failure to … Read More