Difference between revisions of "Externalities"
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(Created page with "==Origins of the Term "Externality"== *"The term “externality” had been introduced into economics a few years earlier by Francis Bator (1957, 42, 43) and Paul Samuelson (1...") |
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==Origins of the Term "Externality"== | ==Origins of the Term "Externality"== | ||
| − | *"The term “externality” had been introduced | + | *"The term “externality” had been introduced into economics a few years earlier by Francis Bator (1957, 42, 43) and Paul Samuelson (1957, 210) as economists began to devote some attention to their study (Medema 2020b)" |
| − | into economics a few years earlier by Francis Bator (1957, 42, 43) and Paul Samuelson (1957, 210) as | ||
| − | economists began to devote some attention to their study (Medema 2020b)" | ||
*Bator, Francis M. 1957. “The Simple Analytics of Welfare Maximization.” American | *Bator, Francis M. 1957. “The Simple Analytics of Welfare Maximization.” American | ||
Latest revision as of 16:29, 24 October 2022
Origins of the Term "Externality"
- "The term “externality” had been introduced into economics a few years earlier by Francis Bator (1957, 42, 43) and Paul Samuelson (1957, 210) as economists began to devote some attention to their study (Medema 2020b)"
- Bator, Francis M. 1957. “The Simple Analytics of Welfare Maximization.” American
Economic Review 47 (1): 22–59.
- Medema, Steven G. 2020b. “‘Exceptional and Unimportant’? Externalities, Competitive
Equilibrium, and the Myth of a Pigovian Tradition.” History of Political Economy 52 (1): 135–70.
- Samuelson, Paul A. 1957. “Intertemporal Price Equilibrium: A prologue to the Theory of
Speculation.” Weltwirtschaftliches Archiv Bd. 79 181–221.
The Coase Theorem
- Medema, Steven G. 2020a. “The Coase Theorem at Sixty.” Journal of Economic Literature 58
(4): 1045–128.
