The_Externalities_Of_Class_Clowns

The Externalities Of Class Clowns You know who they are. They're in every class you have ever tried to sit through. They make it difficult to pay attention, either by making you laugh or making you exasperated. They're easy to pick out within the first five minutes of class because they're loud and unavoidable. They are the class clowns. In our Microeconomics class, it's unmistakably Edward, and so this paper is about the external costs that he places on the rest of the class. Surely the children who are the class clowns in college have been that way through all of their previous years of education, and no doubt have been making it difficult for fellow students to learn for approximately 16 years. Obviously these fellow students have been incurring the private costs as well as the social costs caused by the class clown. Since we are in an economics class, I propose two methods to help Edward keep his mouth shut. The first is that we place a tax on Edward whenever he makes an out-of-nowhere comment, so that he will not be so inclined to make them and the social cost will therefore be lowered for the entire class, make, edward, they're, making, costs, been, out, ones, comments, clowns, years, whenever, way, through, therefore, teachers, tax, students, social, should, rights, perhaps, people, option, must, mouth, marginal, makes, know, keep, grades, first, figure, fellow