Externalities Quotes

at a first glance, natural dyes appear to be more expensive than those used for petroleum-derived synthetics, simply because of the higher cost to farm raw materials. But there are "externalities" not included in synthetic's calculation -environmentally damaging ones like fracking and oil spills. ~ Dana Thomas

(P162) The great blessing of private property, then, is that people can benefit from their own industry and insulate themselves from the negative effects of others' actions. It is like a set of invisible mirrors that surround individuals, households or firms, reflecting back on them the consequences of their acts. The industrious will reap the benefits of their industry, the frugal the consequences of their frugality; the improvidant and the profligate likewise. They receive their due, which is to say they experience justice as a matter of routine. Private property institutionalises justice. This is its great virtue, perhaps dwarfing all others. We may say with the economists that private property "internalizes the externalities," or with the philosophers that it gives rise to "social justice. ~ Tom Bethell

If you're in a system where you must make profit in order to survive. You are compelled to ignore negative externalities, effects on others. ~ Noam Chomsky

I think all countries need to aim to cut the CO2 emissions per person, taking account of externalities like imports and exports. ~ Martin Rees

Real-life may not always be a symphony of buoyant instants or ecstatic exploits. Downbeat emotional externalities can emerge unpredictably throughout our life journey. If we wish to turn life into an undying dance prom, let's keep one foot in reality for sure. ("Blind date") ~ Erik Pevernagie

In neo-classical economic theory, it is claimed without evidence that people are basically self-seeking, that they want above all the satisfaction of their material desires: what economists call "maximising utility". The ultimate objective of mankind is economic growth, and that is maximized only through raw, and lightly regulated, competition. If the rewards of this system are spread unevenly, that is a necessary price. Others on the planet are to be regarded as either customers, competitors or factors of production. Effects upon the planet itself are mere "externalities" to the model, with no reckoning of the cost - at least for now. Nowhere in this analysis appears factors such as human cooperation, love, trust, compassion or hatred, curiosity or beauty. Nowhere appears the concept of meaning. What cannot be measured is ignored. But the trouble is that once our basic needs for shelter and food have been met, these factors may be the most important of all. ~ Carne Ross

We now demand glamour and fast-flowing dramatic action. A generation of Christians reared among push buttons and automatic machines is impatient of slower and less direct methods of reaching their goals ... The tragic results of this spirit all all about us: shallow lives, hollow religious philosophies ... the glorification of men, trust is religious externalities ... salesmanship methods, the mistaking of dynamic personality for the power of the Spirit. These and such of these are the symptoms of an evil disease. ~ A.W. Tozer

I argue against purism not because I want a devastated world, the Mordor of industrial capitalism emerging as from a closely aligned alternate universe through our floating islands of plastic gradually breaking down into microbeads consumed by the scant marine life left alive after generations of overfishing, bottom scraping, and coral reef–killing ocean acidification; our human-caused, place-devastating elevated sea levels; our earth-shaking, water poisoning fracking; our toxic lakes made of the externalities of rare-earth mineral production for so-called advanced electronics; our soul-and-life
destroying prisons; our oil spills; our children playing with bits of dirty bombs; our white phosphorus; our generations of trauma held in the body; our cancers; and I could go on. I argue against purism because it is one bad but common approach to devastation in all its forms. It is a common approach for anyone who attempts to meet and control a complex situation that is fundamentally outside our control. It is a bad approach because it shuts down precisely the field of possibility that might allow us to take better collective action against the destruction of the world in all its strange, delightful, impure frolic. Purism is a de-collectivizing, de-mobilizing, paradoxical politics
of despair. This world deserves better. ~ Alexis Shotwell

Those theorists who complain repeatedly about the "externalities" that have messed up their model by fomenting this or that untoward event, before returning to the purity of the model, suffer from a debilitating disease: they act as if the models would work if only the world did not contain so many "outside" factors that are, in fact, imbricated and entangled in a thousand ways with the practices they study. ~ William E. Connolly

Fight scarcity power and corruption; correct externalities; try to maximise information; get the incentives right; engage with other countries; and most of all embrace markets, which do most of these jobs at the same time. ~ Tim Harford

India saw from the beginning, and, even in her ages of reason and her age of increasing ignorance, she never lost hold of the insight, that life cannot be rightly seen in the sole light, cannot be perfectly lived in the sole power of its externalities. ~ Sri Aurobindo

The students who feel alienated by current systems of standardization and testing may walk out the door, and it's left to them and others to pay the price in unemployment benefits and other social programs. These problems are not accidental by-products of standardized education; they are a structural feature of these systems. They were designed to process people according to particular conceptions of talent and economic need and were bound to produce winners and losers in just those terms. And they do. Many of these "externalities" could be avoided if education genuinely gave all students the same opportunities to explore their real capabilities and create their best lives. ~ Ken Robinson

It is extremely interesting to live in a private house and to see the externalities, at least, of domestic life in a Japanese middle-class home. ~ Isabella Bird

Somewhere, floating in a muddled abstraction beyond your existence as a generally good person, are the Externalities. Fuck 'em and God Bless 'em. ~ Jeremy Robert Johnson