Friday, April 1, 2011

An Essay as Critique and Extensions

Below is a link to the essay and below that is an aloud reading of the essay. The piece first offers a critique of Consumer Surplus as a measure of Social Benefit and then it gives a variety of examples where the Supply Curve departs from the Marginal Social Cost curve. The way the course is structured, this offers the only discussion of externalities and public goods in the course.

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