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Externalities | Coase | Mause I 157 Externality/External Effects/Coase: as long as individuals can negotiate the exchange of goods and rights free of charge, the initial distribution of rights of disposal is irrelevant. This means that there are no external effects. Externality/Coase: Thesis: an externality always has two "injuring parties": the author of an impairment suffers because he is required to cease or reduce his activity. |
Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
Externalities | Demsetz | Mause I 157 Externalities/Demsetz: External effects (influencing the market by decisions of the uninvolved) cause costs for the procurement of information and time for negotiations. Money: Under these circumstances, the implementation of the exclusion principle will have to satisfy a rational cost-benefit consideration - rational individuals will only enforce the exclusion of third parties, that are unwilling to pay, to the extent that their net benefit is positive, so that it can be expected that there will always be an optimal degree of externality that will be below the full internalisation of the external effect. (1) 1. H. Demsetz, Toward a theory of property rights. American Economic Review 57 (2), 1967, p. 347-359. |
EconDems I Harold Demsetz Toward a theory of property rights 1967 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
Externalities | Rothbard | Rothbard III 1064 Externalities/Rothbard: The problem of "external costs," usually treated as symmetrical with external benefits, is not really related: it is a consequence of failure to enforce fully the rights of property. If As actions injure B's property, and the government refuses to stop the act and enforce damages, property rights and hence the free market are not being fully defended and maintained. Hence, external costs (e.g., smoke damage) are failures to maintain a fully free market, rather than defects of that market.(1) >External Benefit/Rothbard, >Free market/Rothbard, >Free market/Economic theories. 1. See Mises, Human Action, New Haven, Conn.: Yale University Press, 1949. Reprinted by the Ludwig von Mises Institute, 1998. pp. 650-53; and de Jouvenel, "Political Economy of Gratuity“. Virginia Quarterly Review (Autumn 1959). pp. 522-26. |
Rothbard II Murray N. Rothbard Classical Economics. An Austrian Perspective on the History of Economic Thought. Cheltenham, UK: Edward Elgar Publishing. Cheltenham 1995 Rothbard III Murray N. Rothbard Man, Economy and State with Power and Market. Study Edition Auburn, Alabama 1962, 1970, 2009 Rothbard IV Murray N. Rothbard The Essential von Mises Auburn, Alabama 1988 Rothbard V Murray N. Rothbard Power and Market: Government and the Economy Kansas City 1977 |
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Disputed term/author/ism | Author Vs Author![]() |
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Realism | Berkeley Vs Realism | Chisholm II 33 Reality/Review/Berkeley: the experiences and their progressions provide verifiers for the acceptance of externalities. There are no specific experiences for such reviews. We can make the same predictions when they deny the outside world. We cannot invoke any instance other than our order of experience. II 34 In order to show that things are causers, we would have to be able to show that we could have an experience of the outside things without our experiences. But that is impossible. The same order of experience could exist if there were no external things at all. BerkeleyVsRealism: with this, realism becomes superfluous! VsBerkeley: but the same applies now also to spiritualism, which Berkeley does not seem to see! (That it is superfluous like realism). |
G. Berkeley I Breidert Berkeley: Wahrnnehmung und Wirklichkeit, aus Speck(Hg) Grundprobleme der gr. Philosophen, Göttingen (UTB) 1997 Chisholm I R. Chisholm The First Person. Theory of Reference and Intentionality, Minneapolis 1981 German Edition: Die erste Person Frankfurt 1992 Chisholm II Roderick Chisholm In Philosophische Aufsäze zu Ehren von Roderick M. Ch, Marian David/Leopold Stubenberg Amsterdam 1986 Chisholm III Roderick M. Chisholm Theory of knowledge, Englewood Cliffs 1989 German Edition: Erkenntnistheorie Graz 2004 |
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