Jim Devine writes: I disagree with the idea that profit-seeking firms are efficient. It doesn't even make sense in NC terms, unless by NC we mean only the "Chicago" school. Profit-seeking companies have an incentive to dump costs on others (externalize internal costs, pollute) and to capture external benefits. A narrow-minded worker co-op (that acts like a fraternity of a craft union -- or in jargon, is economistic) has a similar problem.
Why would a non-profit entity engaged in production not have same incentive as a profit-seeking entity with respect to externalities? David Shemano _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
