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Quotes from p. 12. Cited in: M. Rangone & S. Solari — Karl William Kapp

1910–1976 Germany

← All quotes by Karl William Kapp

2 quotes

Social costs... are all direct and indirect losses sustained by third persons or the general public as a result of unrestrained economic activities.

p. 12. Cited in: M. Rangone & S. Solari (2012)

To ignore social costs because they require an evaluation by society... and to leave social losses out of account because they are 'external' and 'non-economic' in character, would be equivalent to attributing no or ‘zero’ value to all social damages which is no less arbitrary and subjective a judgement than any positive or negative evaluation of social costs.

p. 12. Cited in: M. Rangone & S. Solari (2012)

Attribution

Quotes and notes from Wikiquote: Karl William Kapp (page history), available under CC BY-SA 4.0.