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Explain what Rorty means when he says, "Seen from this Forsterian vantage point, the distinction between Marxism and liberalism was largely a disagreement about whether you can get as much, or more, wealth to redistribute by politicizing the marketplace and replacing the greedy Wilcoxes with government planners. It turned out that you cannot."
External Benefit
A benefit that an activity or transaction provides which is not captured by the consumer or producer, benefiting others in society.
Public Good
A product or service that is made available to all members of a society, typically funded by the government, and characterized by non-excludability and non-rivalry.
External Cost
represents a negative spillover effect of an economic transaction on a third party who was not involved in the transaction.
External Costs
Costs that are not borne by the parties involved in economic transactions but are imposed on others, such as environmental pollution.
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