The Social Cost Of Cheap Food

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The Social Cost of Cheap Food

Author : Sébastien Rioux
Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 0773559574
Total Pages : 240 pages
Book Rating : 4.7/5 (735 download)

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Book Synopsis The Social Cost of Cheap Food by : Sébastien Rioux

Download or read book The Social Cost of Cheap Food written by Sébastien Rioux and published by McGill-Queen's Press - MQUP. This book was released on 2019-09-26 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: The distribution of food played a considerable yet largely unrecognized role in the economic history of Victorian and Edwardian Britain. In the midst of rapid urbanization and industrialization, retail competition intensified and the channels by which food made it to the market became vital to the country's economic success. Illustrating the pivotal importance of food distribution in Britain between 1830 and 1914, The Social Cost of Cheap Food argues that labour exploitation in the distribution system was the key to cheap food. Through an analysis of labour dynamics and institutional changes in the distributive sector, Sébastien Rioux demonstrates that economic development and the rising living standards of the working class were premised upon the growing insecurity and chronic poverty of street sellers, shop assistants, and small shopkeepers. Rioux reveals that food distribution, far from being a passive sphere of economic activity, provided a dynamic space for the reduction of food prices. Positing food distribution as a core element of social and economic development under capitalism, The Social Cost of Cheap Food reflects on the transformation of the labour market and its intricate connection to the history of food and society.

The Real Cost of Cheap Food

Author : Michael Carolan
Publisher : Routledge
ISBN 13 : 1136529772
Total Pages : 289 pages
Book Rating : 4.1/5 (365 download)

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Book Synopsis The Real Cost of Cheap Food by : Michael Carolan

Download or read book The Real Cost of Cheap Food written by Michael Carolan and published by Routledge. This book was released on 2013-10-30 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: This challenging but accessible book critically examines the dominant food regime on its own terms, by seriously asking whether we can afford cheap food and exploring what exactly cheap food affords us. Detailing the numerous ways that food has become reduced to a state, such as a price per ounce, combination of nutrients, yield per acre, or calories, the book argues for a more contextual understanding of food when debating its affordability. The author makes a compelling case for why today's global food system produces just the opposite of what it promises. The food produced under this regime is in fact exceedingly expensive. Thus meat production and consumption are inefficient uses of resources and contribute to climate change; the use of pesticides in industrial-scale agriculture may produce cheap food, but there are hidden costs to environmental protection, human health and biodiversity conservation. Many of these costs will be paid for by future generations – cheap food today may mean expensive food tomorrow. By systematically assessing these costs the book delves into issues related, but not limited, to international development, national security, health care, industrial meat production, organic farming, corporate responsibility, government subsidies, food aid and global commodity markets. The book concludes by suggesting ways forward, going beyond the usual solutions such as farmers markets, community supported agriculture, and community gardens. Exploding the myth of cheap food requires we have at our disposal a host of practices and policies. Some of those proposed and explored include microloans, subsidies for consumers, vertical agriculture, and the democratization of subsidies for producers.

Fed Up

Author : Dale Finley Slongwhite
Publisher : University Press of Florida
ISBN 13 : 0813047617
Total Pages : 319 pages
Book Rating : 4.8/5 (13 download)

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Book Synopsis Fed Up by : Dale Finley Slongwhite

Download or read book Fed Up written by Dale Finley Slongwhite and published by University Press of Florida. This book was released on 2014-05-06 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: One farmworker tells of the soil that would “bite” him, but that was the chemicals burning his skin. Others developed lupus, asthma, diabetes, kidney failure, or suffered myriad symptoms with no clear diagnosis. Some miscarried or had children with genetic defects, while others developed cancer. In Fed Up, Dale Slongwhite collects the nearly inconceivable and chilling oral histories of African American farmworkers whose lives, and the lives of their families, were forever altered by one of the most horrific pesticide exposure incidents in United States’ history. For decades, the farms around Lake Apopka, Florida’s third largest lake, were sprayed with chemicals ranging from the now-banned DDT to toxaphene. Among the most productive farmland in America, the fields were doused with organochlorine pesticides, also known as persistent organic pollutants; the once-clear waters of the lake turned pea green; birds, alligators, and fish died at alarming rates; and still the farmworkers planted, harvested, packed, and shipped produce all over the country, enduring scorching sun, snakes, rats, injuries, substandard housing, low wages, and the endocrine disruptors that crop dusters dropped as they toiled. Eventually, state and federal dollars were allocated to buy out and close farms to attempt land restoration, water clean up, and wildlife rehabilitation. But the farmworkers became statistics, nameless casualties history almost forgot. Here are their stories, told in their own words.

True Cost Accounting for Food

Author : Barbara Gemmill-Herren
Publisher : Routledge
ISBN 13 : 1000389987
Total Pages : 248 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis True Cost Accounting for Food by : Barbara Gemmill-Herren

Download or read book True Cost Accounting for Food written by Barbara Gemmill-Herren and published by Routledge. This book was released on 2021-06-22 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains how True Cost Accounting is an effective tool we can use to address the pervasive imbalance in our food system. Calls are coming from all quarters that the food system is broken and needs a radical transformation. A system that feeds many yet continues to create both extreme hunger and diet-related diseases, and one which has significant environmental impacts, is not serving the world adequately. This volume argues that True Cost Accounting in our food system can create a framework for a systemic shift. What sounds on the surface like a practice relegated to accountants is ultimately a call for a new lens on the valuation of food and a new relationship with the food we eat, starting with the reform of a system out of balance. From the true cost of corn, rice and water, to incentives for soil health, the chapters economically compare conventional and regenerative, more equitable farming practices in and food system structures, including taking an unflinching look at the true cost of cheap labour. Overall, this volume points towards the potential for our food system to be more human-centred than profit-centred and one that has a more respectful relationship to the planet. It sets forth a path forward based on True Cost Accounting for food. This path seeks to fix our current food metrics, in policy and in practice, by applying a holistic lens that evaluates the actual costs and benefits of different food systems, and the impacts and dependencies between natural systems, human systems, agriculture and food systems. This volume is essential reading for professionals and policymakers involved in developing and reforming the food system, as well as students and scholars working on food policy, food systems and sustainability.

The Real Cost of Cheap Food

Author : Michael Carolan
Publisher : Routledge
ISBN 13 : 1351624415
Total Pages : 234 pages
Book Rating : 4.3/5 (516 download)

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Book Synopsis The Real Cost of Cheap Food by : Michael Carolan

Download or read book The Real Cost of Cheap Food written by Michael Carolan and published by Routledge. This book was released on 2018-02-06 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thought-provoking but accessible book critically examines the dominant food regime on its own terms, by seriously asking whether we can afford cheap food and by exploring what exactly cheap food affords us. Detailing the numerous ways that our understanding of food has narrowed, such as its price per ounce, combination of nutrients, yield per acre, or calories, the book argues for a more contextual view of food when debating its affordability. The first edition, published in 2011, was widely praised for its innovative approach and readability. In this new edition the author brings all data and citations fully up to date. Increased coverage is given to many topics including climate change, aquaculture, financialization, BRICS countries, food-based social movements, gender and ethnic issues, critical public health and land succession. There is also greater discussion about successful cases of social change throughout all chapters, by including new text boxes that emphasize these more positive messages. The author shows why today's global food system produces just the opposite of what it promises. The food produced under this regime is in fact exceedingly expensive. Many of these costs will be paid for in other ways or by future generations and cheap food today may mean expensive food tomorrow. By systematically assessing these costs the book delves into issues related, but not limited, to international development, national security, healthcare, industrial meat production, organic farming, corporate responsibility, government subsidies, food aid and global commodity markets. It is shown that exploding the myth of cheap food requires we have at our disposal a host of practices and policies.

Exploring Health and Environmental Costs of Food

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309265835
Total Pages : 116 pages
Book Rating : 4.3/5 (92 download)

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Book Synopsis Exploring Health and Environmental Costs of Food by : National Research Council

Download or read book Exploring Health and Environmental Costs of Food written by National Research Council and published by National Academies Press. This book was released on 2012-12-28 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. food system provides many benefits, not the least of which is a safe, nutritious and consistent food supply. However, the same system also creates significant environmental, public health, and other costs that generally are not recognized and not accounted for in the retail price of food. These include greenhouse gas (GHG) emissions, soil erosion, air pollution, and their environmental consequences, the transfer of antibiotic resistance from food animals to human, and other human health outcomes, including foodborne illnesses and chronic disease. Some external costs which are also known as externalities are accounted for in ways that do not involve increasing the price of food. But many are not. They are borne involuntarily by society at large. A better understanding of external costs would help decision makers at all stages of the life cycle to expand the benefits of the U.S. food system even further. The Institute of Medicine (IOM) and the National Research Council (NRC) with support from the U.S. Centers for Disease Control and Prevention (CDC) convened a public workshop on April 23-23, 2012, to explore the external costs of food, methodologies for quantifying those costs, and the limitations of the methodologies. The workshop was intended to be an information-gathering activity only. Given the complexity of the issues and the broad areas of expertise involved, workshop presentations and discussions represent only a small portion of the current knowledge and are by no means comprehensive. The focus was on the environmental and health impacts of food, using externalities as a basis for discussion and animal products as a case study. The intention was not to quantify costs or benefits, but rather to lay the groundwork for doing so. A major goal of the workshop was to identify information sources and methodologies required to recognize and estimate the costs and benefits of environmental and public health consequences associated with the U.S. food system. It was anticipated that the workshop would provide the basis for a follow-up consensus study of the subject and that a central task of the consensus study will be to develop a framework for a full-scale accounting of the environmental and public health effects for all food products of the U.S. food system. Exploring Health and Environmental Costs of Food: Workshop Summary provides the basis for a follow-up planning discussion involving members of the IOM Food and Nutrition Board and the NRC Board on Agriculture and Natural Resources and others to develop the scope and areas of expertise needed for a larger-scale, consensus study of the subject.

Society and the Environment

Author : Michael Carolan
Publisher : Routledge
ISBN 13 : 0429974256
Total Pages : 366 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis Society and the Environment by : Michael Carolan

Download or read book Society and the Environment written by Michael Carolan and published by Routledge. This book was released on 2018-05-15 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: Society and the Environment examines today's environmental controversies within a socio-organizational context. After outlining the contours of 'pragmatic environmentalism', Carolan considers the pressures that exist where ecology and society collide, such as population growth and its associated increased demands for food and energy. He also investigates how various ecological issues, such as climate change, are affecting our very own personal health. Finally, he drills into the social/structural dynamics (including political economy and the international legal system) that create ongoing momentum for environmental ills. This interdisciplinary text features a three-part structure in each chapter that covers 'fast facts' about the issue at hand, examines its wide-ranging implications, and offers balanced consideration of possible real-world solutions. New to this edition are 'Movement Matters' boxes, which showcase grassroots movements that have affected legislation. Discussion questions and key terms enhance the text's usefulness, making Society and the Environment the perfect learning tool for courses on environmental sociology.

Feeding Britain

Author : Tim Lang
Publisher : Penguin UK
ISBN 13 : 0241404819
Total Pages : 608 pages
Book Rating : 4.2/5 (414 download)

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Book Synopsis Feeding Britain by : Tim Lang

Download or read book Feeding Britain written by Tim Lang and published by Penguin UK. This book was released on 2020-03-26 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt: How does Britain get its food? Why is our current system at breaking point? How can we fix it before it is too late? British food has changed remarkably in the last half century. As we have become wealthier and more discerning, our food has Europeanized (pizza is children's favourite food) and internationalized (we eat the world's cuisines), yet our food culture remains fragmented, a mix of mass 'ultra-processed' substances alongside food as varied and good as anywhere else on the planet. This book takes stock of the UK food system: where it comes from, what we eat, its impact, fragilities and strengths. It is a book on the politics of food. It argues that the Brexit vote will force us to review our food system. Such an opportunity is sorely needed. After a brief frenzy of concern following the financial shock of 2008, the UK government has slumped once more into a vague hope that the food system will keep going on as before. Food, they said, just required a burst of agri-technology and more exports to pay for our massive imports. Feeding Britain argues that this and other approaches are short-sighted, against the public interest, and possibly even strategic folly. Setting a new course for UK food is no easy task but it is a process, this book urges, that needs to begin now. 'Tim Lang has performed a public service' Simon Jenkins, Sunday Times

Food Politics

Author : Marion Nestle
Publisher : Univ of California Press
ISBN 13 : 0520955064
Total Pages : 537 pages
Book Rating : 4.5/5 (29 download)

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Book Synopsis Food Politics by : Marion Nestle

Download or read book Food Politics written by Marion Nestle and published by Univ of California Press. This book was released on 2013-05-14 with total page 537 pages. Available in PDF, EPUB and Kindle. Book excerpt: We all witness, in advertising and on supermarket shelves, the fierce competition for our food dollars. In this engrossing exposé, Marion Nestle goes behind the scenes to reveal how the competition really works and how it affects our health. The abundance of food in the United States--enough calories to meet the needs of every man, woman, and child twice over--has a downside. Our over-efficient food industry must do everything possible to persuade people to eat more--more food, more often, and in larger portions--no matter what it does to waistlines or well-being. Like manufacturing cigarettes or building weapons, making food is big business. Food companies in 2000 generated nearly $900 billion in sales. They have stakeholders to please, shareholders to satisfy, and government regulations to deal with. It is nevertheless shocking to learn precisely how food companies lobby officials, co-opt experts, and expand sales by marketing to children, members of minority groups, and people in developing countries. We learn that the food industry plays politics as well as or better than other industries, not least because so much of its activity takes place outside the public view. Editor of the 1988 Surgeon General's Report on Nutrition and Health, Nestle is uniquely qualified to lead us through the maze of food industry interests and influences. She vividly illustrates food politics in action: watered-down government dietary advice, schools pushing soft drinks, diet supplements promoted as if they were First Amendment rights. When it comes to the mass production and consumption of food, strategic decisions are driven by economics--not science, not common sense, and certainly not health. No wonder most of us are thoroughly confused about what to eat to stay healthy. An accessible and balanced account, Food Politics will forever change the way we respond to food industry marketing practices. By explaining how much the food industry influences government nutrition policies and how cleverly it links its interests to those of nutrition experts, this path-breaking book helps us understand more clearly than ever before what we eat and why.

A Framework for Assessing Effects of the Food System

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 030930783X
Total Pages : 444 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis A Framework for Assessing Effects of the Food System by : National Research Council

Download or read book A Framework for Assessing Effects of the Food System written by National Research Council and published by National Academies Press. This book was released on 2015-06-17 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: How we produce and consume food has a bigger impact on Americans' well-being than any other human activity. The food industry is the largest sector of our economy; food touches everything from our health to the environment, climate change, economic inequality, and the federal budget. From the earliest developments of agriculture, a major goal has been to attain sufficient foods that provide the energy and the nutrients needed for a healthy, active life. Over time, food production, processing, marketing, and consumption have evolved and become highly complex. The challenges of improving the food system in the 21st century will require systemic approaches that take full account of social, economic, ecological, and evolutionary factors. Policy or business interventions involving a segment of the food system often have consequences beyond the original issue the intervention was meant to address. A Framework for Assessing Effects of the Food System develops an analytical framework for assessing effects associated with the ways in which food is grown, processed, distributed, marketed, retailed, and consumed in the United States. The framework will allow users to recognize effects across the full food system, consider all domains and dimensions of effects, account for systems dynamics and complexities, and choose appropriate methods for analysis. This report provides example applications of the framework based on complex questions that are currently under debate: consumption of a healthy and safe diet, food security, animal welfare, and preserving the environment and its resources. A Framework for Assessing Effects of the Food System describes the U.S. food system and provides a brief history of its evolution into the current system. This report identifies some of the real and potential implications of the current system in terms of its health, environmental, and socioeconomic effects along with a sense for the complexities of the system, potential metrics, and some of the data needs that are required to assess the effects. The overview of the food system and the framework described in this report will be an essential resource for decision makers, researchers, and others to examine the possible impacts of alternative policies or agricultural or food processing practices.

Seasonal Workers in Mediterranean Agriculture

Author : Jörg Gertel
Publisher : Routledge
ISBN 13 : 1134655576
Total Pages : 350 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis Seasonal Workers in Mediterranean Agriculture by : Jörg Gertel

Download or read book Seasonal Workers in Mediterranean Agriculture written by Jörg Gertel and published by Routledge. This book was released on 2014-04-03 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last three decades there has been a rapid expansion of intensive production of fresh fruit and vegetables in the Mediterranean regions of south and west Europe. Much of this depends on migrating workers for seasonal labour, including from Eastern Europe, North Africa and Latin America. This book is the first to address global agro-migration complexes across the region. It is argued that both intensive agricultural production and related working conditions are highly dynamic. Regional patterns have developed from small-scale family farming to become an industrialized part of the global agri-food system, which increasingly depends on seasonal labour. Simultaneously, consumer demand for year-round supply has caused relocations of the industry within Europe; areas of intensive greenhouse production have moved further south and even into North Africa. The authors investigate this Mediterranean agri-food system that transcends borders and is largely constituted by invisible seasonal work. By revealing the story of food commodities loaded with implications of private profit seeking, exploitation, exclusion and multiple insecurities, the book unmasks the hidden costs of fresh food provisioning. Three case study areas are considered in detail: the French region of Provence, a traditional centre of fresh fruit and vegetable cultivation; the Spanish Almería region where intensive production has, accelerated dramatically since the 1970s; and Morocco where counter-seasonal production has recently been expanding. The book also includes commentaries that refer to complemetary insights on US-Mexico, Philippines-Canada and South Pacific mobilities.

In Defence of Food

Author : Michael Pollan
Publisher : Penguin UK
ISBN 13 : 0141908513
Total Pages : 243 pages
Book Rating : 4.1/5 (419 download)

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Book Synopsis In Defence of Food by : Michael Pollan

Download or read book In Defence of Food written by Michael Pollan and published by Penguin UK. This book was released on 2008-01-31 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'A must-read ... satisfying, rich ... loaded with flavour' Sunday Telegraph This book is a celebration of food. By food, Michael Pollan means real, proper, simple food - not the kind that comes in a packet, or has lists of unpronounceable ingredients, or that makes nutritional claims about how healthy it is. More like the kind of food your great-grandmother would recognize. In Defence of Food is a simple invitation to junk the science, ditch the diet and instead rediscover the joys of eating well. By following a few pieces of advice (Eat at a table - a desk doesn't count. Don't buy food where you'd buy your petrol!), you will enrich your life and your palate, and enlarge your sense of what it means to be healthy and happy. It's time to fall in love with food again. For the past twenty years, Michael Pollan has been writing about the places where the human and natural worlds intersect: food, agriculture, gardens, drugs, and architecture. His most recent book, about the ethics and ecology of eating, is The Omnivore's Dilemma, named one of the ten best books of 2006 by the New York Times and the Washington Post. He is also the author of The Botany of Desire, A Place of My Own and Second Nature.

School Meals

Author : Committee on Nutrition Standards for National School Lunch and Breakfast Programs
Publisher : National Academies Press
ISBN 13 : 0309151376
Total Pages : 395 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis School Meals by : Committee on Nutrition Standards for National School Lunch and Breakfast Programs

Download or read book School Meals written by Committee on Nutrition Standards for National School Lunch and Breakfast Programs and published by National Academies Press. This book was released on 2010-02-16 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ensuring that the food provided to children in schools is consistent with current dietary recommendations is an important national focus. Various laws and regulations govern the operation of school meal programs. In 1995, Nutrition Standards and Meal Requirements were put in place to ensure that all meals offered would be high in nutritional quality. School Meals reviews and provides recommendations to update the nutrition standard and the meal requirements for the National School Breakfast and Lunch Programs. The recommendations reflect new developments in nutrition science, increase the availability of key food groups in the school meal programs, and allow these programs to better meet the nutritional needs of children, foster healthy eating habits, and safeguard children's health. School Meals sets standards for menu planning that focus on food groups, calories, saturated fat, and sodium and that incorporate Dietary Guidelines for Americans and the Dietary Reference Intakes. This book will be used as a guide for school food authorities, food producers, policy leaders, state/local governments, and parents.

A Better World Is Possible

Author : Bruce Nixon
Publisher : John Hunt Publishing
ISBN 13 : 1846945143
Total Pages : 409 pages
Book Rating : 4.8/5 (469 download)

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Book Synopsis A Better World Is Possible by : Bruce Nixon

Download or read book A Better World Is Possible written by Bruce Nixon and published by John Hunt Publishing. This book was released on 2011 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: The best book for the ordinary reader on the global environmental and economic crisis.

The Public Health Effects of Food Deserts

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309137284
Total Pages : 114 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Public Health Effects of Food Deserts by : National Research Council

Download or read book The Public Health Effects of Food Deserts written by National Research Council and published by National Academies Press. This book was released on 2009-07-02 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, people living in low-income neighborhoods frequently do not have access to affordable healthy food venues, such as supermarkets. Instead, those living in "food deserts" must rely on convenience stores and small neighborhood stores that offer few, if any, healthy food choices, such as fruits and vegetables. The Institute of Medicine (IOM) and National Research Council (NRC) convened a two-day workshop on January 26-27, 2009, to provide input into a Congressionally-mandated food deserts study by the U.S. Department of Agriculture's Economic Research Service. The workshop, summarized in this volume, provided a forum in which to discuss the public health effects of food deserts.

The Omnivore's Dilemma

Author : Michael Pollan
Publisher : Penguin
ISBN 13 : 0143038583
Total Pages : 481 pages
Book Rating : 4.1/5 (43 download)

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Book Synopsis The Omnivore's Dilemma by : Michael Pollan

Download or read book The Omnivore's Dilemma written by Michael Pollan and published by Penguin. This book was released on 2007-08-28 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Outstanding . . . a wide-ranging invitation to think through the moral ramifications of our eating habits." —The New Yorker One of the New York Times Book Review's Ten Best Books of the Year and Winner of the James Beard Award Author of This is Your Mind on Plants, How to Change Your Mind and the #1 New York Times Bestseller In Defense of Food and Food Rules What should we have for dinner? Ten years ago, Michael Pollan confronted us with this seemingly simple question and, with The Omnivore’s Dilemma, his brilliant and eye-opening exploration of our food choices, demonstrated that how we answer it today may determine not only our health but our survival as a species. In the years since, Pollan’s revolutionary examination has changed the way Americans think about food. Bringing wide attention to the little-known but vitally important dimensions of food and agriculture in America, Pollan launched a national conversation about what we eat and the profound consequences that even the simplest everyday food choices have on both ourselves and the natural world. Ten years later, The Omnivore’s Dilemma continues to transform the way Americans think about the politics, perils, and pleasures of eating.

The Problem of Social Cost

Author : R. H. Coase
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781539433408
Total Pages : 0 pages
Book Rating : 4.4/5 (334 download)

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Book Synopsis The Problem of Social Cost by : R. H. Coase

Download or read book The Problem of Social Cost written by R. H. Coase and published by Createspace Independent Publishing Platform. This book was released on 2016-10-10 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Problem of Social Cost is an article dealing with economic problem of externalities. It draws from a number of English legal cases and statutes to illustrate Coase's belief that legal rules are only justified by reference to a cost-benefit analysis, and that nuisances that are often regarded as being the fault of one party are more symmetric conflicts between the interests of the two parties.