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Water Conservation

Seen, unseen costs of stream access

Watch News In one of the classic essays in economics, Frederic Bastiat describes how breaking a windowpane generates two types of effects: the “seen” and the “unseen.” The seen effect is the window’s repair. A repairman replaces the window and receives payment for this service. Thus, broken windows make window repairmen better off. The unseenContinue reading “Seen, unseen costs of stream access”
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