Question: Consider the advantages and disadvantages of extending property rights so
Consider the advantages and disadvantages of extending property rights so that everyone would have the right to prevent people imposing any costs on them whatsoever (or charging them to do so).
Relevant QuestionsShould all investment be subject to a social cost–benefit appraisal?The USA is the world’s largest emitter of CO2, and China is the second largest. What issues arise from this in the formulation of a global policy to reduce CO2 emissions?Compare the relative merits of banning certain types of market structure with banning certain types of market behavior.Explain how equilibrium would be restored in the circular flow of income if there were a fall in investment.Do any groups of people gain from inflation?
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