David Suzuki still hasn’t figured out what an “externality” is

A reader of this (seemingly defunct, but stay tuned) blog sent me a link to a portion of a movie called Surviving Progress in which Dr. Suzuki gives an even more offensive, ridiculous, and staggeringly ignorant take on economics than those previously discussed on this blog. For the amusement of fellow economists, here’s the video, complete with helpful visuals of a guy in a suit—possibly modeled on Ben Stein’s character in Ferris Bueller—standing in front of a chalkboard with some dull looking stuff that’s not even recognizable as economics. Dr. Suzuki recites his oft-repeated claim that “economics is a form of brain damage” and here adds the allegation that economists “know damn well” that we deliberately deceive people into thinking economics is a science when in fact all we want to do is torch the planet for sweet, sweet cash.

For those interested in what economists actually think about the environment, and what an “externality” actually is, see for example “How do economists really think about the environment?” Or open any Economics 101 textbook.


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