tag:blogger.com,1999:blog-8310450667755637519.post8023533691324016995..comments2023-10-14T09:40:06.690-05:00Comments on Jean Kazez: Philosophy Summer CampJean Kazezhttp://www.blogger.com/profile/00592593002719828153noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8310450667755637519.post-64459782295427205432010-07-11T21:28:02.520-05:002010-07-11T21:28:02.520-05:00On the second example, this is a classic example o...On the second example, this is a classic example of a pecuniary externality, which is extensively discussed in courses on welfare economics. The entry of the 2nd lemonade stand lowers lemonade prices, hurting lemonade sellers and helping lemondade buyers. If we equally weight pecuniary gains and losses to both groups, there is no net external benefit or cost of the entry. If we instead weight theAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8310450667755637519.post-75922445592625850142010-07-01T13:47:33.654-05:002010-07-01T13:47:33.654-05:00forgot to check send email.forgot to check send email.s. wallersteinhttps://www.blogger.com/profile/17448905469871566228noreply@blogger.comtag:blogger.com,1999:blog-8310450667755637519.post-31469726696814044162010-07-01T13:46:54.361-05:002010-07-01T13:46:54.361-05:00Wrong, I don't know, but cultivating good re...Wrong, I don't know, but cultivating good relations with one's neighbor seems to outweigh making a profit, when there is no pressing need, as seems to be the case here. We're not talking about children in Ethiopia, I assume, but comfortable middle class children, for whom selling lemonade is not an economic necessity.s. wallersteinhttps://www.blogger.com/profile/17448905469871566228noreply@blogger.comtag:blogger.com,1999:blog-8310450667755637519.post-37059878236280045862010-07-01T13:01:43.043-05:002010-07-01T13:01:43.043-05:001) Not blue.
2) Not wrong.
I give myself an A!1) Not blue.<br />2) Not wrong.<br /><br />I give myself an A!Faustnoreply@blogger.com