Thanks to everyone who commented on the first nine chapters of my book-in-progress, Economics in Two Lessons.
Here’s a draft of Chapter 10: Market failure -Externalities and pollution. Comments, criticism and praise are welcome.
The book so far is available
Table of Contents
Chapter 1: What is opportunity cost?
Chapter 2: Markets, opportunity cost and equilibrium
Chapter 3:Time, information and uncertainty
Chapter 4:Lesson 1: Applications.
Chapter 5: Lesson 1 and economic policy.
Chapter 6: The opportunity cost of destruction
Chapter 7: Property rights, and income distribution
Chapter 9: Market Failure
Feel free to make further comments on these chapters if you wish.