Re: Positive externalities - Big gov\'t supporters argument sought
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My econ prof said the other day that subsidies were needed to solve externalities. For his example he said that there was a positive externality problem with teaching hospitals because they teach doctors who leave very quickly and then benefit the rest of society. To make up for this, he claimed, the government had to provide subsidies to the hospital to ensure enough doctors get trained.
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He believes this and he's allowed to teach? Scary.
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And we still see the "99% of econ professors disagree with you" appeal on a regular basis.
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