What the flu can teach us about economics
Acton Institute Powerblog

What the flu can teach us about economics

Note: This is post #37 in a weekly video series on basic microeconomics.

What can the flu teach us about economics? In this video, Alex Tabarrok of Marginal Revolution University explains how vaccines produce positive externalities that help people stay healthy. When someone receives the vaccine, they pass along the positive benefits of the vaccine to others, generating positive externalities

(If you find the pace of the videos too slow, I’d recommend watching them at 1.5 to 2 times the speed. You can adjust the speed at which the video plays by clicking on “Settings” (the gear symbol) and changing “Speed” from normal to 1.25, 1.5 or 2.)

Previous in series: An introduction to externalities

Joe Carter

Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).