How Long to Read The Myth of Social Cost

How Long Does it Take to Read The Myth of Social Cost?

It takes the average reader 1 hour and 51 minutes to read The Myth of Social Cost by Steven N. S. Cheung

Assuming a reading speed of 250 words per minute. Learn more

Description

For over 50 years economists have argued that where private costs or benefits differ from social costs or benefits - in noise, smells, congestion, pollution of the environment - there is a 'clear case' for government intervention to correct the divergence. This argument has been used to justify almost endless intervention. However, the original analysts of social costs/benefits were led into error by failing to test their propositions against the evidence of real life. Painstaking empirical studies clearly demonstrate these errors. A divergence between private and social cost is no decisive justification for government action to correct it. The costs of intervention often outweigh the social benefits. Moreover, the alleged 'externalities' are merely uncontracted effects. Under private property rights, the use of contracts to transact what have been regarded as 'external' effects is far more common than has been commonly recognised.

How long is The Myth of Social Cost?

The Myth of Social Cost by Steven N. S. Cheung is 108 pages long, and a total of 27,864 words.

This makes it 36% the length of the average book. It also has 34% more words than the average book.

How Long Does it Take to Read The Myth of Social Cost Aloud?

The average oral reading speed is 183 words per minute. This means it takes 2 hours and 32 minutes to read The Myth of Social Cost aloud.

What Reading Level is The Myth of Social Cost?

The Myth of Social Cost is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Myth of Social Cost?

The Myth of Social Cost by Steven N. S. Cheung is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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