Externality Quotes

Give me the outside of all things, I am a fanatic for the externality of things. ~ Jose Lezama Lima

The end result of all this consumption is a society running furiously to stay in place. The overwork by each member of society puts a burden (a negative externality) on others, who must also run hard to keep up. Consumers also run because others are running, with everybody finding themselves in a race they'd rather do without. The ~ Jeffrey D. Sachs

Mainstream economists habitually treat asset depletion as income, while ignoring the value of the assets themselves. If the owner of an old-growth forest cuts it and sells the timber, the market may record a drop in the land's monetary value, but otherwise the ecological damage done is regarded as an externality. Irreplaceable biological assets, in this case, have been liquidated; thus the benefit of these assets to future generations is denied. From an ecosystem point of view, an economy that does not heavily tax the extraction of non-renewable resources is like a jobless person rapidly spending an inheritance. ~ Anonymous

The dummies and slackers, by their mere existence, are imposing a negative externality on the skilled and dedicated, ~ Avinash K. Dixit