externalities

I have seen graphs with interesting correlations but remembering my studies in economics, I know that economists avoid what they term externalities as it spoils their theories.

Inhofe, UCAR and NCAR « Climate Audit 2006

Those are real costs, but they're what we call externalities - they're not included in the price we pay for goods and services.

Boing Boing Lisa Katayama 2010

Capturing externalities is a exception to this rule, but accounting for resource depletion is most emphatically not.

The Volokh Conspiracy » Would the Public Support “Cap and Refund”? 2010

You think people and companies should be forced to bear the costs of “externalities”, a code word for the economic costs of the environmental damage they cause.

The Volokh Conspiracy » The Lesson of the Lorax: 2010

The assertion that economic models cannot or do not address negative externalities is also absurd.

Global Warming, Arnold Kling | EconLog | Library of Economics and Liberty 2009

And it becomes even more expensive when you factor in externalities such as the costs of terrorism and war to keep those oil imports coming.

Think Progress » Sen. Murkowski On Whether Obama’s Drilling Plan Makes Her More Likely To Support Energy Bill: ‘Absolutely Not’ 2010

Individuals with strong mathematic backgrounds are a scarce resource, and we should attempt to avoid having them wasted on economics since the positive externalities from the actual substantive knowledge of engineering majors far exceeds the personal signaling effects that economics majors receive.

California Energy Tax Proposal, Arnold Kling | EconLog | Library of Economics and Liberty 2009

As you say, humans are smart enough to not have to trash the earth to derive a living from it, and making the offenders in question responsible for externalities is typically a better solution than ceasing economic activity altogether.

Democrats declare war on West Virginia. Again. - Moe_Lane’s blog - RedState 2009

You think people and companies should be forced to bear the costs of “externalities”, a code word for the economic costs of the environmental damage they cause.

The Volokh Conspiracy » The Lesson of the Lorax: 2010

While a free market should in theory lead to maximized utility, one has to understand when it appears long-term externalities are not being accounted for.

The Volokh Conspiracy » The Market Has Spoken 2009