EVST 1000 Lecture Notes - Lecture 3: Private Good, Toyota Electronic Modulated Suspension, Gordon Tullock
Document Summary
Preferences- how do we get from personal to societal and beyond when making. May have to compromise these elegant solutions to benefit humans. No clean fixes in environmental science, can only make problems better. Don"t account for impact of human beings, only have a design, test, build mindset. Public goods theory the same thing at the same time (not like eating food and then it is gone) conservatives would agree with governmental provisions of public goods (might argue about definitions) Paul samuelson, mancur olson- brought into public policy. Many public policy problem exhibit characteristics of public goods. If you hear something, you aren"t using up that noise, other people can still hear. Once the good is produced, you can"t prevent someone from consuming it. + : trees are planted t reforest an area with the aim of erosion control and carbon. Negative: industry produces steel, but causes pollution due to disposal of waste and.
