Professor Edward Morey

Some classic readings on externality theory

Pigou, A.C. The economics of welfare, 1st edition page 194 - the road example

Pigou, A.C. The Economics of Welfare, 1939,Chapter 9: Divergences betwen marginal social net product and marginal private net product

Knight, F.H., "Some fallacies in the interpretation of social cost", Quarterly Journal of Economics, Vol. 38 No.4 (August 1924), pp. 582-606.

Ellis, H.S. and W. Fellner, "External economies and diseconomies" American Economic Review Vol. 33 No. 3 (September 1943), pp. 493-511.

Meade, J., "External economies and diseconomies in a competitive situation", Economic Journal Vol 62 No. 245 (March 1952), pp. 54-67.

Scitovsky, T., "Two concepts of external economies", Journal of Political Economy Vol. 62 No. 2 (April 1954), pp. 143-151.

Coase, R., The problem of social cost, Journal of Law and Economics (October 1960), pp. 1-44.

Buchanan, J.M. and W.C. Stubbleine, Externality, Economica, 29. pp. 371-384.

Turvey, R., "On the divergence between social cost and private cost", Economica, Vol. 30 No. 119 (August 1963), pp. 309-313.

Mishan, E.J., "The postwar literature on externalities: an interpretive essay", Journal of Economic Literature Vol. 9 No.1 (March 1971) pp 1-28.

Page, T., chapter 1, "A selected review of the literature" in Economics of Involuntary Transfers: A Unified Approach to Pollution and Congestion Externalities, Vol. 85,. Lecture Notes in Economics and Mathematical Systems. New York: Springer-Verlag, 1973.

Passell, P., "The Nation: For a common-sense economist, a Nobel - and an impact on the law", The New York Times, October 20, 1991.


Please send me a pdf file of any article you would like to have included on this bibliography of the externality literature. I will note the recommender's name. Thanks.

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