criticisms Hunt voiced long ago about markets and blind spots in mainstream economic theory. The article reviews work inspired by … Hunt regarding externalities, endogenous preferences, the Coase theorem, and an alternative to the market system known as …

rights. We argue that core theory enhances Coase’s transaction cost approach by injecting considerations of coalition …

environmental externalities such as pollution. We argue that consumer contracts generate externalities by overwhelming consumers …

This paper considers and assesses the concept of social externalities through humaninterdependence, in relation to the … economic analysis of externalities in the tradition of Pigou andArrow, including the analysis of the commons. It argues that … list of possible internalizing mechanisms for externalities underthis broader framework, which includes: pricing and …