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THE BIG QUESTION
THE BIG QUESTION
When are markets unable to satisfy important economic objectives — and does government intervention help?
When are markets unable to satisfy important economic objectives — and does government intervention help?
Theory of Knowledge Connections
Theory of Knowledge Connections
The idea of environmental sustainability suggests that people should avoid destroying resources today so as not to penalize future generations. Is it possible to have knowledge of the future?
The idea of environmental sustainability suggests that people should avoid destroying resources today so as not to penalize future generations. Is it possible to have knowledge of the future?
Further Reading and Research
Further Reading and Research
Coase, R. H. “The Problem of Social Cost.” The Journal of Law & Economics, vol. 56, no. 4, 2013, pp. 837–877. JSTOR, www.jstor.org/stable/10.1086/674872
Ostrom, Elinor. “Beyond Markets and States: Polycentric Governance of Complex Economic Systems.” The American Economic Review, vol. 100, no. 3, 2010, pp. 641–672. JSTOR, www.jstor.org/stable/27871226
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