Wally Thurman on Bees, Beekeeping, and Coase
EconTalk
00:00
The Baitor's Argument for Welfare Maximization
In 1973, Stephen Chung found that beekeepers in Washington state were charging for pollination services. He was a student of Ronald Cosses and I talked to Cosses once about this. We have the same argument turned on its head due to the positive nature of the externalities., he says. "We should be subsidizing both of these industries"
Play episode from 45:17
Transcript
