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@BoydStephenSmithJr
Hmm, I suppose if we imagine society as a single entity, then no, it can’t externalize things from itself? But surely (except for hard-core Chicago School believers who think externalities don’t actually exist) societal forces can externalize some costs (i.e. separate the entity that decides to incur the cost from the entity that incurs it), and that includes the costs of human well-being.