Skip to content. | Skip to navigation

Personal tools
Sections

Commentaries on this Media!

Seinfeld Economics: The Junior Mint

by Linda Ghent

An externality is a situation in which the private costs or benefits to the producers or purchasers of a good or service differs from the total social costs or benefits entailed in its production and consumption. An externality exists whenever one individual's actions affect the well-being of another individual -- whether for the better (positive externality) or for the worse (negative externality).

Unintended consequences are situations where an action results in an outcome that is not (or not only) what is intended. The unintended results may be foreseen or unforeseen, but they are logical or likely results of the action. Unintended consequences may be the result of policies which are not well thought out.

 

Seinfeld: The Junior Mint

Kramer & Jerry go to visit Elaine's ex-boyfriend, who is in hospital undergoing surgery. While at the hospital, Kramer persuades Jerry to watch the operation with him in a gallery above the operating theatre. When Kramer sneaks in candy and forces it on Jerry, Jerry knocks his hand and a Junior Mint falls from the gallery and lands inside the patient! Jerry thinks he may have killed the guy but he makes a miraculous recovery!

from Seinfeld, Season 4 (1993)
Creator: Larry David & Jerry Seinfeld
Posted by Linda Ghent
Keywords
Options