The Fishermen’s Unemployment

When I give students an example of externalities, I usually cite the time when an individual’s consumption affects the well-being of the other. I speak of the smoker’s case, the neighbor listening to loud music, and other classic examples of textbook. Then I bring a case that certainly will not go into any textbook. I will not reproduce the whole story, but the beginning of the story is as follows: In Aquiraz, Ceará, Dona Tarcília Bezerra built…

"The Fishermen’s Unemployment"