Karl William Kapp Quote

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) "Southern European capitalism and the social costs of business enterprise". in: Studi e Note di Economia, Anno XVII, n. 1-2012, pp. 3-28 - Social Costs of Business Enterprise, 1963


To ignore social costs because they require an evaluation by society... and to leave social losses out of account because they are 'external' and...

To ignore social costs because they require an evaluation by society... and to leave social losses out of account because they are 'external' and...

To ignore social costs because they require an evaluation by society... and to leave social losses out of account because they are 'external' and...

To ignore social costs because they require an evaluation by society... and to leave social losses out of account because they are 'external' and...