Art Carden    Coase on a Plane, or, an Idea, Recycled  The Flaw
in Heyne, Boettke, an... Consumer Surplus: An Applicati...  I
agree with co-blogger Bryan that most voters are rationally
irrational. My sense is that there are also a lot of voters and
people in positions of influence who know just enough economics
to be dangerous. As Steve Horwitz and I pointed out in a recent
essay for the Library of Economics and Liberty, "market failure"
is where the conversation begins, not where it ends.  A couple
of hours ago, I got off a flight where I was seated near a
couple of very, very loud children: before we departed, a few of
my fellow passengers were craning their necks and looking for
the source of the disturbance and--I hope--pitying the mother.
This brings me back to a set of questions I've always wanted to
ask on an exam or to a job candidate. From a 2009 post on
Division of Labour:   Answers, anyone?  Comments and Sharing
COMMENTS (16 to date) David R. Henderson writes:  I don't think
it's an externality.