Externalities are the incidental effects that the activities or actions of one party have on another party. Positive externalities occur when the actions of a person or entity have a positive impact ...

Why does America have zoning laws? Mainly to stop externalities. Since it emerged in the Progressive Era, zoning was meant to prevent land development from negatively affecting people who live outside ...

Written by Peter H. Swan, Ph.D. The railroad industry is in crisis. Many people outside and inside the industry are quick to blame its current state on Precision Scheduled Railroading (PSR) and Wall ...

Sir, Jonathan Ford raises some important questions in his Inside Business column on the support that renewable sources of energy receive from the UK government (“Reforms needed to balance hidden costs ...

Capitalism dominates the globe. It has become so enmeshed into the cultural narrative that it seems almost axiomatic. Private owners (of capital) control the means of production. The goal: build ...

The urgency to address corporate externalities—environmental, social, and health-related spill‑over costs—is intensifying. Hidden costs from pollution, resource depletion, and poor labor practices ...