This edition: Pollution & The Environment
First aired: February 19, 2014.
In 1977, the federal court system told the Reserve Mining Company to build a $400 million disposal site for carcinogenic materials. After 1970, Los Angeles was looking for a broad-ranging smog-reduction policy to reflect recently amended Clean Air Act standards. In 2009, the House of Representatives introduced the first piece of comprehensive clean energy legislation, known as the American Clean Energy and Security Act, which both economists and energy providers could support. Pollution is a "negative externality," which, as these stories show, can have serious consequences for economic efficiency.