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Subject:
HES: QUERY -- origin of "externality"
From:
[log in to unmask] (Robert Leeson)
Date:
Fri Mar 31 17:18:30 2006
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================= HES POSTING ================= 
 
With respect to Marshall and externalities, Bharadwaj (1972; Marshall on 
Pigou's Wealth and Welfare. Economica 39: 32-46) shows that Marshall 
recorded for posterity (though not for Pigou - Marshall's notes were 
intended to remain private until after Pigou's death) his reservations 
about Pigou's proposals to extend the reach of the state so extensively.   
 
Robert Leeson 
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