An Underrated Originality of «The Problem of Social Cost»: The LSE Source
Elodie Bertrand ()
Additional contact information
Elodie Bertrand: BETA - CNRS Université de Lorraine - Faculté de Droit, Sciences Économiques et de Gestion - EconomiX, Université Paris Ouest Nanterre
History of Economic Ideas, 2015, vol. 23, issue 3, 19-44
Ronald Coase’s view on cost, which was widespread in Arnold Plant’s research group at the London School of Economics, is most visible in his 1938 article «Business Organization and the Accountant». By recounting the analytical similarities between this article and «The Problem of Social Cost», I shall examine the influence that the lse context had on Coase’s article, which was seminal for the new Law and Economics movement. Admittedly, the subjectivist dimension does not exist in «The Problem of Social Cost», but some of the main insights of this paper are based on a new understanding of the notion of opportunity cost, in continuity with Coase’s early reflections on cost at the LSE.
References: Add references at CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:hid:journl:v:23:y:2015:3:2:p:19-44
Access Statistics for this article
History of Economic Ideas is currently edited by Riccardo Faucci, Nicola Giocoli, Roberto Marchionatti
More articles in History of Economic Ideas from Fabrizio Serra Editore, Pisa - Roma
Bibliographic data for series maintained by Mario Aldo Cedrini ().