Tuesday, July 27, 2010

Externalities, Libertarianism, and Social Dilemmas

"Every reasonable person understands that being part of society means living with a certain amount of annoyance and idiosyncrasy in exchange for a greater diversity of culture, opportunity, and luxury. Participating in society has such externalities built into it. Society is founded upon the tolerance of minor differences and justified on the basis that one gets more out of it than they end up losing."