research-writing-services
4.8
research-writing-services
4.9
research-writing-services
4.7

Do the benefits exceed those risks and is Friedman right when he argues that neighborhood effects sometimes create business opportunities?

As informed by the following definition of neighborhood effects and video links (located below), please provide an argument as to whether (and, if so, to what extent) the state (meaning, governments) may justifiably enact laws seeking to prevent and/or regulate any impacts of anthropogenic climate change. Are there any risks associated with such government actions? Do the benefits exceed those risks and is Friedman right when he argues that neighborhood effects sometimes create business opportunities? How so? Can you think of any opportunities?
Neighborhood Effects Definition:
Sometimes situations arise where the market cannot limit the effects of a use of private property to those willing to accept its burdens. Friedman termed this situation the problem of neighborhood effects, which he claimed arose when actions of individuals have effects on other individuals for which it is not feasible to charge or recompense them.
Environmental issues are paradigmatic here, as Friedman noted:
The pollution of a stream [is an] . . . obvious example. The man who pollutes a stream is in effect forcing others to exchange good water for bad. These others might be willing to make the exchange at a price. But it is not feasible for them, acting individually, to avoid the exchange or to enforce appropriate compensation.
Similarly, Hayek reasoned that it is,
Fully compatible with competition, [t]o prohibit the use of certain poisonous substances or to require special precautions in their use . . . or to require certain sanitary arrangements. . .
* * * *
The price system becomes . . . ineffective when the damage caused to others by certain uses of property cannot be effectively charged to the owner of that property. . . Nor can certain harmful effects of deforestation, of some methods of farming, or of the smoke and noise of factories be confined to the owner of the property in question or to those who are willing to submit to the damage for an agreed compensation.
Accordingly, classical liberalism (providing for the maximization of human freedom) accepts that where competition produces effects on other individuals for which it is not feasible to charge or recompense them or there is a divergence between the items which enter into private calculation and those which affect social welfare . . . some method other than competition may have to be found to supply the services in question.
Videos:

Related Posts

Quality Writing Features

Price Start $10
  • 24/7 Customer Support
  • All Subject Areas
  • Money-Back Guarantee
  • Timely Delivery
  • Originality report
  • Confidentiality guaranteed

Ordering Homework Writing Service

You can get our ideal online homework help services with four easy steps. All you have to do is inform us of your requirements. Immediately we will match with a specialist in your academic discipline. After that, we will track your order, review it to ensure it meets your requirements, and submit it to your email.

research-writing-services

Submit Requirements

Fill in your assignment instructions on the order form

research-writing-services

Writer match

Immediately you contact us for homework help; we will assign your assignment to an academic expert.

research-writing-services

Quality review

We have a team of editors, who will thoroughly review your assignment, ensuring there are no errors before submission

research-writing-services

Get Your Completed Paper

Once we have completed the assignment, we will deliver it to your account. Additionally, we will send a notification to your email.

ordernow

Affordable

Budget-friendly writing services

ordernow

Privacy

We don’t share our client’s information with a third party

ordernow

Unique

We write every assignment from scratch

Amazing Homework Writing Features

Once you consult us for homework help online services, you will attest to why we are among the USA's best essay writing services.

Read on and find out some of the features that make our services superlative.

Free Homework Writing Services

Free plagiarism checker

You can confirm that the content you get is original for free using our plagiarism checker.

Free samples

We offer unlimited access to our essay homework samples.

Free title page and bibliography

Once you place an order, we format it accordingly without demanding additional charges.

Free unlimited revisions

We offer free unlimited revisions until your assignment is of your desired quality..

Free editing and proofreading

We have a team of specialized editors who review your assignment before submission.

Free customer support

You can track the progress of your homework for free.

Request for Homework Writing Service Today!

We have over 500 homework writing experts, ready and waiting to help you improve your writing skills