The Fable of the Bees: An Economic Investigation

摘要: EVER since A. C. Pigou wrote his books on "welfare,"' a divergence between private and social costs has provided the main argument for instituting government action to correct allegedly inefficient market activities. The analysis in such cases been designed less aid our understanding of how economic system operates than find flaws it justify policy recommendations. Both illustrate demonstrate nature actual situation, quest real-world examples defects.