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Conventional Market-Based Policies vs. Sustainability

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Define the concept of externalities. What recent or current events have illustrated this concept?

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Conventional Market-Based Policies vs. Sustainability

A.C. Pigou was one of the pioneers in the concept of externalities (Hurwicz, 1999), a term used to explain the relationship between two primary parties who make or exchange products and an ...

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An explanation of externality, with an examples of positive and negative externalities.

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Polanyi, Utopian & Liberalism

Please provides ideas/suggestions/discussion for the following questions:

1. Polany declares economic liberalism as utopian. Define "economic Liberalism" and "utopian".

2. Explain why Polanyi thinks economic Liberalism is utopian, and indicate what evidence Polanyi offers for this claim.

3. Critically evaluate Polanyi's claim. Is he right??

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