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Account for Externalities

When I studied economics, one of the concepts that struck me the most was the concept of externalities. This International Monetary Fund post explains it well. In short, externalities are costs or benefits of an economic activity that affect third parties who did not choose to incur them, leading to a divergence between private and … Continue reading Account for Externalities →

Adactio Elsewhere

I seem to have left pieces of myself scattered around the internet. This is my attempt to pull some of those pieces together.