Pigou and Coase in Retrospect

Allan C DeSerpa

Cambridge Journal of Economics, 1993, vol. 17, issue 1, 27-50

Abstract: This paper documents, through direct quotation and mathematical analysis, the parallels between both the logic and the policy conclusions of A. C. Pigou and R. H. Coase. It is shown that Pigou's analysis encompasses the essential features of both the 'nature of the firm' and 'the problem of social cost.' But more importantly, Pigou lays out the logical connection between the two. An underlying theme is that, particularly in the case of Pigou, much substance has been lost in mathematical translation. Had that substance not been forgotten, the 1960 Coase would not have had to attack Pigou. (c) 1993 Academic Press, Inc. Copyright 1993 by Oxford University Press.

Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:cambje:v:17:y:1993:i:1:p:27-50

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().