The Problem of Social Cost
id:
the-problem-of-social-cost-266-8247190
title:
The Problem of Social Cost
text:
The Problem of Social Cost (1960) is a law review article by Ronald Coase, then a faculty member at the University of Virginia, dealing with the 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. If there
brand slug:
wiki
category slug:
encyclopedia
description:
Economics article later leading to a Nobel Prize
original url:
https://en.wikipedia.org/wiki/The_Problem_of_Social_Cost
date created:
date modified:
2024-02-04T16:52:13Z
main entity:
{"identifier":"Q7758440","url":"https://www.wikidata.org/entity/Q7758440"}
image:
fields total:
13
integrity:
14