Learn about market failure in economics, where supply and demand imbalances lead to inefficient distribution, its types, and causes.

Explore true cost economics, an approach that includes external costs like pollution in pricing, ensuring a more accurate reflection of societal and environmental impacts.

Log-in to bookmark & organize content - it's free! Senator Sheldon Whitehouse (D-RI) addresses negative externalities with U.S. Trade Representative Jamieson Greer. Senator Sheldon Whitehouse (D-RI) ...

Limited benefit or non-Affordable Care Act (ACA)-compliant health insurance products are much discussed of late, since a proposal to ease restrictions on short-term health plans is currently under ...

Consumption, production, and investment decisions of individuals, households, and firms often affect people not directly involved in the transactions. Sometimes these indirect effects are tiny. But ...

Forbes contributors publish independent expert analyses and insights. I am the Kester and Brynes Professor at Columbia Business School and a Chazen Senior Scholar at the Jerome A. Chazen Institute for ...

California's "Polluters Pay Climate Cost Recovery Act of 2024," also known as Senate Bill 1497, would supposedly hold fossil fuel polluters accountable for the climate damages caused by their products ...