Posts Tagged ‘natural environment’

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    The Price System: Pelicans, Professors, and Murders

    Oct 26, 10 • 241 Views • Demand, Supply, and Markets, Environment, Thinking EconomicallyNo Comments

    Is a pelican worth $500? What is the value of a college professor? What does a murder cost us? Sometimes it’s tough to get a price. We know that BP owes money for wildlife lost on devastated wetlands. But how much? USA Today tells us that 2263