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Don Boudreaux on Coase

EconTalk

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Morality and the Costs

Polluting is harmful, and i don't care o we we don't care about the efficiency or the other things. So that that's just immoral. And economist reaction was very different. By the way, economists dismiss that kind of talk of morality a more easily than do other people. They recognize that there are costs and benefits to almost any action.

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