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Discussion of problems of harmful consequences in this section (when costs are considered
) it is not extremely enough market transaction. But it has cleared that a problem
Consists in a choice suitable social an establishment, helping
To cope with harmful consequences. All decisions have the costs, and are not present
The bases to assume that to the governmental regulation address
Only, when the problem does not dare well the market or firm.
The adequate understanding of a policy can become result only patient
That research as in practice the market, firms and the governments resolve a problem
Harmful consequences. Economists should study job of the broker, which
Reduces partners, effectiveness of restrictive points in contracts, problems
The big company on operations with the real estate, action of the state
Zoning and other kinds of regulation. I am convinced that economists and politicians
As a whole exaggerate advantages of the governmental regulation. But even
If this belief is justified, from it follows only that the governmental
Regulation should be cut down. It does not speak where to spend
Differentiating line. It is represented to me that the knowledge of the last should
To come from detailed studying of the valid results of different ways
Problem decisions. But would be the big failure, if such research
It was carried out by methods of the erroneous economic analysis. The purpose of this article -
To define, what should be the economic approach to this problem.
VII. Differentiation of legitimate rights and an economic problem
DISCUSSION in section V had for an object not only an illustration of arguments, but also
Has planned the legal approach to a problem of harmful consequences. All considered
Cases are taken from English practice, but it would be easy to find the similar
The American cases, and the logic of reasonings would remain the same. Certainly, if
Market transaction had no costs then value would have only that
(Besides questions on justice), what be right various parties should
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