Capitalism must be regarded as an economy of unpaid costs, 'unpaid' in so far as a substantial portion of the actual costs of production remains unaccounted for in entrepreneurial outlays; instead they are shifted to, and ultimately borne by, third persons or by the community as a whole.


p. 231. Cited in: Rania Ghosn (2012) "Where are the Missing Spaces? The Geography of some Uncommon Interests" in the Yale Architectural Journal Perspecta. Perspecta 45. - Social Costs of Business Enterprise, 1963

Karl William Kapp Quotes

Capitalism must be regarded as an economy of unpaid costs, 'unpaid' in so far as a substantial portion of the actual costs of production remains...

Capitalism must be regarded as an economy of unpaid costs, 'unpaid' in so far as a substantial portion of the actual costs of production remains...

Capitalism must be regarded as an economy of unpaid costs, 'unpaid' in so far as a substantial portion of the actual costs of production remains...

Capitalism must be regarded as an economy of unpaid costs, 'unpaid' in so far as a substantial portion of the actual costs of production remains...