The Problem of Social Cost: Coase's economics versus ethics
作者:
KEN HANLY,
期刊:
Journal of Applied Philosophy
(WILEY Available online 1992)
卷期:
Volume 9,
issue 1
页码: 77-83
ISSN:0264-3758
年代: 1992
DOI:10.1111/j.1468-5930.1992.tb00297.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
ABSTRACTCoase's now famous paper, ‘The Problem of Social Cost’, argues that social harms caused by industry are best addressed through a policy which would be optimal in terms of market efficiency. I argue that this narrowly based policy represents a classic example of the failure of many welfare economists to consider adequately the ethical implications of their recommendations. I also indicate the manner in which Coase's recommendations conflict with intuitively well‐established ethical principles. I conclude that only an approach that considers many more features than market efficiency can produce an optimal policy for dealing with the social costs of produ
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