internalizing externalities การใช้

Edward Stringham argues that private adjudication of disputes could enable the market to internalize externalities and provide services that customers desire.
However, economic theory also points to market failures, including the underprovision of public goods by markets and the failure of self-interested individuals to internalize externalities.
He shows that proprietary leasehold communities provide an optimal incentive system for communities by internalizing externalities and solving many of the coordination and cooperation problems that plague contemporary societies.
Rather than assuming some ( new ) form of capitalism is the best way forward, an older ecological economic critique questions the very idea of internalizing externalities as providing some corrective to the current system.