Murray Rothbard’s critique of the concept of externalities

From Man, Economy, and State with Power and Market. My annotations in blue. === Two favorite, seemingly scientific, justifications for govern­ment activity and enterprise are (a) what we might call the argu­ment of “external benefits” and (b) the argument of “collective goods” or “collective wants.” Stripped of seemingly scientific or quasi-mathematical trappings, the first argument […]