================= HES POSTING ================= [NOTE: Posted on behalf of Betsy Price -- RBE] As a follow-up to a comment made by Robin Neill regarding John Rae's awareness (1834) of the spill-over effects of imported technology as evidence of Rae's conceiving "externalities", I note that Alex Vicas (Economics, McGill University) wrote in his conclusion to a paper for a conference on Rae in 1996 in connection with Rae's interest in education and the acquisition of knowledge: "He continuously grapples with what would be called externalities today: with the question of justifying the legislator in acting where benefits from new knowledge or arts accrue to the community and in part are not captured by the one required to make sizable expenditures in their acquisition." B.B. Price [log in to unmask] ============ FOOTER TO HES POSTING ============ For information, send the message "info HES" to [log in to unmask]