Velasquez-Manoff on Autoimmune Disease, Parasites, and Complexity
EconTalk
Robert Frank talks with host Russ Roberts about the implications of Nobelist Ronald Coase's views on externalities. Drawing on his book, The Darwin Economy, Frank explores the implications of Coase's perspective for assessing public policy challenges where one person's actions affect others. Examples discussed include pollution, cigarette smoking and related issues.