A history of the concept of externalities – by Donald J. Boudreaux and Roger Meiners

Background: This summary by José Luis Gómez-Barroso Donald J. Boudreaux and Roger Meiners’s 2019 work This is part of my ongoing study of the concept of externalities. My annotations in blue. Source: https://www.jstor.org/stable/10.2307/... ORIGINS AND DEVELOPMENT OF EXTERNALITY: MARSHALL AND PIGOU The earliest developers of the concepts of external economies and diseconomies were Alfred Marshall, a […]