Broadly in agreement but I don’t think the examples are actually the pure version of what he is saying. It sounds like he is classifying goods based on the ratio of private benefit/social effect ish, so yes things with a very high private benefit and plausibly low externalities are definitely good but I feel less confident than him we could say that about refrigerators for instance.
Broadly in agreement but I don’t think the examples are actually the pure version of what he is saying. It sounds like he is classifying goods based on the ratio of private benefit/social effect ish, so yes things with a very high private benefit and plausibly low externalities are definitely good but I feel less confident than him we could say that about refrigerators for instance.