On the Relevance of Wrongfulness to the Concept of Externalities

This paper examines the concept of externalities using the concepts of rights and corrective justice as an alternative to utilitarianism and efficiency. Specifically, standard treatments of externalities in welfare economics do not consider the role of wrongfulness in the harms that economists and p...

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Bibliographic Details
Main Author: Mark D. White
Format: Article
Language:English
Published: Association Œconomia 2015-09-01
Series:Œconomia
Subjects:
Online Access:http://journals.openedition.org/oeconomia/2121