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To Professor Barkley Rosser:
If you are interested in the actual usage of the term 'externality',
Ronald Coase has a footnote on it in his _The Firm, The Market and The
Law_ (Chicago: University of Chicago Press, 1988):
"The earliest uses of the term 'externality' that I have come across are
contained in Samuelson's review of de Graaf's _Theoretical Welfare
Economics_in the_Economic Journal_(September 1958): 539-41, and in his
article 'Aspects of Public Expenditure Theories,' _The Review of
Economics and Statistics_(November 1958): 332-38. This article was a
slight revision of paper delivered in December,1955" (23 n35).
I hope this would be of help.
Masazumi Wakatabe
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