The Myth of Social Cost (Cato Paper, No. 16)

by Steven N. S. Cheung and Steven N.S. Cheung

For over 50 years economists have argued that where private costs or benefits differ from social costs or benefits - in noise, smells, congestion, pollution of the environment - there is a 'clear... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 0932790216
• ISBN13: 9780932790217
• Release Date: January 1980
• Publisher: Cato Institute
• Length: 74 Pages
• Weight: 0.30 lbs.

Customer Reviews

Excellent review of the Economics of Transaction Costs!

As a major contributor to the economics of transaction costs and one of the founder of the property rights, Steven Cheung writes about property rights and social cost problem with great clarity and new innovation in idea. This book is an important and useful review of the social cost problem, together with Cheung's unique approach to solving the problem. Overall speaking, this book is excellent!