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Nobody actually knows the precise cost of any negative externality.
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"You have a company that believes that the free market will essentially correct any negative externalities.
Carbon emissions represent a negative externality.
They skim the best business deals, creating a "negative externality" on those who are not party to them.
For Milanović, the idea was novel because "it treats inequality as having a negative externality like taxing carbon emissions".
This is, in economist-speak, a "negative externality": the transaction inflicts a cost on an otherwise uninvolved party, who gets no benefit from the transaction.
Just as the plagues in the 14th century were unintended consequences of increased trade and urbanization, so terrorism is a negative externality of our borderless world.
There is, however, an altogether different argument for these taxes: that when someone consumes such goods, he does impose a negative externality — on the future version of himself.
It is what economists call a negative externality, paid by the people who lose their jobs and the communities that suffer from job loss.
Likewise, positive externalities can generate a negative externality effect.
Production exploits a natural resource and involves a negative externality.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com