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car pool: What is the right amount of murder, and why don't we have monorails? - 06/13/07 12:07 PM
A shocking title I know.  But the former was perhaps the most startling and thought provoking concept I learned in college so many years ago...and the latter occurred to me as a child.
Prior to my life as a mortgage broker, I had an environmental economics professor who first raised this concept about murder to our class as a means to brutally illustrate the point that every benefit (reducing an unwanted event) comes with a cost, and eventually there is some balance that must be struck (an equilibrium).  The principle is that certainly no sane person in society wants to have to tolerate any murders, however the cost to … (1 comments)

 

David Alterman

Santa Clarita, CA

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