28 | Cost to Bystanders
An Introduction to Externalities
This video is an introduction to externalities, including the concepts of private cost, external cost, and social cost. Using the example of antibiotics and viruses, we take a look at how costs are passed along to different members of society beyond the producer and consumer.
Episode 663: Money Trees - Planet Money
When NPR's reporting team traveled deep into the Amazon rain forest to report on the environment, they took planes, a truck, and a motorcycle. Lots of fuel was burned. Lots of carbon was emitted. They felt guilty. In the process of reporting on the environment, were they making the problem worse?