I am creating a list of famous examples of negative and positive externalities that were solved and ones that remain unsolved. Please send what you have!
So far, I have R-45, ozone depleting aerosols, lead paint, asbestos in construction. Solved negative externalities.
Solved positive externalities. Bees and farms. 8th grade education.
What else do you have?
Community self-regulation among lobster fishermen.
Some negative externalities and other problems of progress that may or may not be considered solved:
Positive externalities are like, almost all of human wealth?
Yale economist William Nordhaus estimates that innovators capture a mere 2.2% of the total “surplus” from innovation. … If it is anywhere close to being an accurate estimate, the implication is that “society” pays a paltry $2.20 for every $100 worth of welfare it enjoys from innovating activities.
My list now includes:
Sulfur Dioxide
Clean Air Act
Montreal Protocol
Lead Paint
Lead in Gasoline
Public Radio
Mandatory 8th grade education
Secondhand Smoke
Public Transit Subsidy
Automobile Emissions Standards
Fishing Quota System Australia
Bees and Orchards
Cattle Ranchers and Crop Farmers
—
Climate Change
Space Debris
Traffic Congestion
Violent Crime
Assuming the Data is Correct: legal Marijuana