A Coasean Solution

Abstract

If diminishing marginal returns can be deferred through science's aid, If we can internalize externalities, (An insight revealed in the Bhagvad Gita as well) If risk and uncertainty, the Siamese twins, can be dealt with as fleeting, stochastic, If time and technology, like mind and matter, can replenish and enhance resources, If extraction can be curtailed to a fraction, If pollution from corporate collusion can find a resolution, If resource allocation is grounded in Pareto's vision, Then, perhaps, through a Coasean bargaining solution, We can put a stop to market intervention, And help ensure optimal resource allocation.