By K W Kapp
Edited by Michael Barratt Brown
Social Costs is an environmental classic. The main purpose of this book is to present a detailed study of how private enterprise, under conditions of unregulated competition, tends to impose social costs which are not accounted for in entrepreneurial outlays. Instead these costs are shifted to and borne by third persons and the community as a whole. Thus, this book deals at the same time with a specific technical economic question and with broad issues of social philosophy and economic knowledge.
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