10.1 Negative Externalities: Pollution
MyEconLab Concept Video
Climate change is a negative externality. It is the unintended consequence of production and consumption activities that create carbon emissions and global warming. We’ll address the challenge of limiting climate change in this chapter.
Although climate change from human actions is new, pollution and other environmental problems are not. Preindustrial towns in Europe had sewage disposal problems that brought cholera and plagues that killed millions. Nor is the desire to find solutions to environmental problems new. The fourteenth century development of a pure water supply and the hygienic disposal of garbage and sewage are examples of early efforts to improve the quality of ...
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