Uploaded January 2019 | Updated September 2026, 11 hours ago
Though this interview with Raj Patel originally published in February of 2010, it’s surprisingly as relevant today as 9 years ago. Perhaps, it may be more difficult today to find a $4 hamburger but what Patel is talking about economists refer to as externalities. They are real costs that are left out of the price assigned to a finished product, be it a hamburger or a widget. Who pays the actual costs when eventually they come due? Yes—as Mr. Patel says, we the people do.
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Though this interview with Raj Patel originally published in February of 2010, it’s surprisingly as relevant today as 9 years ago. Perhaps, it may be more difficult today to find a $4 hamburger but what Patel is talking about economists refer to as externalities. They are real costs that are left out of the price assigned to a finished product, be it a hamburger or a widget. Who pays the actual costs when eventually they come due? Yes—as Mr. Patel says, we the people do.
Follow us:
...
twitter.com/cookingupastory
facebook.com/cookingupastory
https://www.pinterest.com/foodfarmere...
Website RSS Feed
cookingupastory.com/feed
Cooking Up a Story channel on YouTube
youtube.com/cookingupastory
