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A comment on I Was Wrong about the Ethics Crisis (Moshe Vardi, CACM). Parent comment

Re:I Was Wrong about the Ethics Crisis (Moshe Vardi, CACM) by ivjw on Sunday December 29, 2024 @01:44PM (#42541922)
Unless you are studying an a priori science, textbook examples are pedagogical simplifications. Yes, the cost of environmental pollution is paid neither by factories nor their customers, yet both suffer the consequences, and as such are not "uninvolved" with the third party, as the definition goes.
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Re:I Was Wrong about the Ethics Crisis (Moshe Vardi, CACM) by epgui on Sunday December 29, 2024 @07:06PM (#42544866)
Your point being?

I think everyone understands that there are higher-order consequences of externalities, which affect many (if not all) actors. That's why people are interested in the question of whether they are priced efficiently in markets, and it's why people are interested in ways to improve the pricing of externalities.

The question is not whether they are priced at all, the question is whether they are efficiently priced.

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