tag:blogger.com,1999:blog-210192015822562732.post2540150894114440174..comments2024-02-19T03:16:14.001-07:00Comments on Life Among The Econ: Spillover EffectLarry Eubankshttp://www.blogger.com/profile/15566964700226634137noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-210192015822562732.post-26327023685217948222010-05-10T10:18:34.133-06:002010-05-10T10:18:34.133-06:00I think you are correct that the conceptual approa...I think you are correct that the conceptual approach to this oil spill taken by most neoclassical economists would be to consider this a negative externality. However, from the point of view of neoclassical economics, I would suggest that this would be an illustration of what I call "externality abuse."<br /><br />Generally, the neoclassical analysis of a negative externality involves Larry Eubankshttps://www.blogger.com/profile/15566964700226634137noreply@blogger.com