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| Home | Course Materials | Online Global Problems Reader | Internet Resources |
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Part II. Introduction: Videos on Market Externalities |
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THE CORPORATION [4/23] Externalities:
4. What
is an externality? Milton Friedman describes it as the effect of a
transaction between two parties on a third party who is not involved
in the transaction. A technical sounding term that basically means let somebody else deal with the
problems the corporation creates.
2:12 |
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Walmart: The
High Price of Low Cost (movie trailer) 2:48 |
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Walmart - High Cost of Low Prices: The whole
movie
1 hr 38 min
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The Miniature Earth with Song: A quick and easy way to understand the global distribution of wealth. |
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