Wednesday, October 3, 2018

History of Dealing with Externalities


Are we teaching our kids the correct images at school? (Mark, that an idea is an image too. Mark, that the university is a school too.) Teach them about the history of more/ less market? Teach them about the history of more/ less government? Teach them about the history of more/ less political right or left? Teach them about the history of more/ less democrats or republicans? Teach them about the history of more/ less populism?

According to me we should learn our kids above all more about externalities:
  • classification of externalities
  • its definitions
  • overcome their constraints 
  • historical context of

In our time and age the discussion shouldn't be about too much Capitalism, too many Republicans, a "self-made businessman" in the White House or Make USA Great Again! We should discuss about the cost and benefit that was (un)consciously not aimed at.

(Mark, that Marx's surplus value is an externality. Mark, that tax avoidance is an externality.)

We should learn our kids to zoom out. We should learn our kids inclusive-thinking and inclusive-acting.
P.S. I wrote about this before in 1-2010 in 'IFAQ. Letter to @BillGates : Are we asking the right questions?'

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