Some products may generate significant social harm by their production or use. Examples might include tobacco, alcohol, improperly tested prescription drugs, weapons, goods whose production generates large amounts of pollution, and so on. While we must be intensely aware of these possibilities, for now let's put them aside. We will address these concerns later in this section and again in the Public Economics and Externalities sections.
Copyright © 1995-2004 OnLineTexts.com, Inc. - All Rights Reserved