Subject: | |
From: | |
Date: | Fri Jan 19 13:55:39 2007 |
Content-Type: | text/plain |
Parts/Attachments: |
|
|
Nicola also inquired about the terminology, and Dupuit's 1844 article cited
by Manuela seems to make no reference to "deadweight loss" (or similar). In
1844 Dupuit was clearly working with the general notion and showed it as a
triangle ("and the loss of utility becomes the triangle RTN;" see the 1996
reprint in The Foundations of Public Finance, Vol. II, E. Elgar). His many
references to the concept were translated as "loss of utility," "loss to
society," and "loss of utility to society."
The translation of Dupuit (1849), meanwhile, contains "dead loss," as in
"dead loss for everybody" (p. 8 of the 1998 reprint in The Foundations of
Regulatory Economics, Vol. I., E. Elgar).
Torsten Schmidt
|
|
|