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April 8, 2011 by tragan

The environment: Pricing the “priceless”

As I wrote about in an earlier blog entry, one of the ironies of living in a market based economy is that "if you truly believe something is priceless, you need to be prepared to put a price on it." You can rail against the injustice and preach the ... [Continue Reading]

Filed Under: Transforming yourself Tagged With: Externality, market based economy, Price, pricing

August 4, 2010 by tragan

Paying for externalities?

Great article here from Chris McDonald's business ethic blog about companies voluntarily paying for externalities and how this should be interpreted -- as hush money or doing the right thing... The basic idea is, I believe, sound (no pun intended if ... [Continue Reading]

Filed Under: Transforming yourself Tagged With: Business, Corporate social responsibility, Externality, Social cost, Wind turbine

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