Repugnant Markets
Jun 2, 2018There are many things that just shouldn’t be for sale at any price—human beings chief among them. You can’t legitimately sell what you don’t own in the first place. But there are many things that we do own the buying and selling of which are considered in some way abhorrent or repugnant and are therefore banned.
Comments (2)
Harold G. Neuman
Thursday, May 31, 2018 -- 9:53 AM
The old (and still somewhatThe old (and still somewhat used) saw goes: there is no accounting for taste. If someone wants to create and sell it, someone else will probably want to buy and use it. Supply and demand. The oldest maxim in Economics.
Devon
Monday, June 4, 2018 -- 12:38 PM
The right to polluteI would have liked to hear some discussion about whether carbon credits or cap-and-trade programs are effective market mechanisms that ultimately benefit the public or are, as they are sometimes characterized, a repugnant means for buying the immoral right to pollute.