Gregori Mankiw

A externalize is the impact of the actions of somebody on well-being of that they are in lathe. The pollution is a classic example. If a plant of chemical products not paid all the cost of the smoke that emits, it will tend to emit excessively. In this in case that, the government can increase general well-being through an ambient regulation. The classic example of a beneficial externalize is the knowledge creation, when a scientist makes an important discovery, it she produces a resource valuable that she can be used by other people. In this in case that, the government can increase economic well-being when subsidizing the basic research, as in fact it makes. Lesson for the crisis: ok, I do not go here to make no joke. The business is to hold in the hand of the Obama and to pray.

But if you are trusting the husband of Carla Bruni, in the author of the phrase that the crisis was alone one ‘ ‘ Carolinian’ ‘ or in the coital one of that is, the amount of goods and services produced in one working hours. In the countries where the workers can produce great amount of goods and services for unit of time, most of the people has one high standard of living; in the countries where the workers are less productive, most of the people lives with lesser comfort. Lesson for the crisis: if until the country with the highest productivity of the world it had that to mount a package of rescue for its automobile industry the thing must be ugly same.