INTBUS 6 Lecture Notes - Lecture 14: Externality, Social Cost, Anthracite
30 Jul 2020
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Hiring of engineering staff gave the sps the technical expertise and credibility they needed to convince people that it was feasible to abate their smoke effectively: two methods of teaching: Economic motives self interest narrowly defined: leaders of the anti-smoke campaign were all directors of the world"s colombian. Exposition: spent hours of time and money lobbying congress to locate the expo in chicago instead of new york, they needed the exposition to succeed, couldn"t have the smoke ruining the white buildings used in the expo. Economic motives self interest narrowly defined: economic interests were tied up with the fate of the expo, economic dynamics of collective action: Smoke abatement as a process of technological diffusion and innovation. It was not an easy process to reduce smoke: technology for abatement still highly problematic. Ignored the clear facts: legal defeats and financial problems led to the society"s demise.
