Externalities exist in every transaction, it just means the value created or lost outside of the transaction.

So the reason you can’t think of any is because no economic activity exists with out them.

But externalities can both be positive or negative.

Externalities are positive if you benefit from them, and they are negative if you are paying for them.

In my circles we actually never use this word because it is basically just a fancy way to say exploitation that makes capitalists feel good about them selves.

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kasey_junk 5 hours ago | parent | next [-]

The positive and negative aspects can be different for different participants for the same externality. Externality literally just means impacts not captured in the transaction.

Exploitation is orthogonal. You can have internal or external value exchange that is exploitative. You can even have positive sum transactions that are exploitative.

It must be exhausting having conversations in your circles if you change the definition of all the words…

	▲	runarberg 3 hours ago \| parent [-]
		Some words are just useless pandering, and conversations become a lot easier when you omit them. Some theories as well like to invent stuff like epicycles rather then question the underling assumptions (e.g. of circular orbits with the earth in its center), when you start to question the need for such epicycles you may just discover that your underlying assumptions were just wrong this whole time.

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AdamN 6 hours ago | parent | prev [-]

If I had said 'exploitation' there would not have been engagement. At some point certain words and phrases become too much of a lightning rod to constructively use any more (Marxism, critical race theory, exploitation, etc...)