[extropy-chat] Re: Collateral public good

[Mike Lorrey]

--- Robin Hanson <rhanson at gmu.edu> wrote:

> On 12/31/2004, Mike Lorrey wrote:
> > > Economists are not consistent in their use of the phrase "public
> > > good". Hal is correct using a broad definition, and Mike is
> correct
> > > using his (unusual) narrow definition.
> >
> >Thanks, Robin. Now, from my reading of Blackwell's Commentaries on
> the
> >Law, I understand that there are rights and wrongs of both people
> and
> >things. If there does exist a public good, shouldn't there also be a
> >public bad?
> 
> Of course.  You just flip a sign in the model.

Forgive my ignorance, but what would you describe as examples of public bads....?

=====
Mike Lorrey
Vice-Chair, 2nd District, Libertarian Party of NH
"Necessity is the plea for every infringement of human freedom.
It is the argument of tyrants; it is the creed of slaves."
                                      -William Pitt (1759-1806) 
Blog: http://www.xanga.com/home.aspx?user=Sadomikeyism


		
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