Good question. I had presumed that it was in Pigou's
_Economics of Welfare_, 1922, but I could not find it in
there. It does not seem to be in my copy of Marshall
either, nor does it appear in Schumpeter's 1954, _History
of Economic Analysis_, nor even in Richard Musgrave
standard pub fin text from 1959, _The Theory of Public
Finance_. I have even scanned Coase's famous 1961 article,
"The Problem of Social Cost" and do not see it even there.
I note that he and Pigou are concerned with "divergences
between private and social marginal product," which we
would now claim to be due to externalities. But as near as
I can tell, neither uses the term.
So, anybody out there know who did introduce this term
into standard economics? I doubt they got it from Marx,
but who knows?
Barkley Rosser
On Wed, 11 Dec 1996 15:18:41 -0800 (PST) "David N. Smith"
<[EMAIL PROTECTED]> wrote:
> Does anyone know the exact origin of the term "externalities"? I ask
> because I'm struck by the etymological symmetry of this term and Marx's
> "entausserung," which is usually rendered "alienation" but is literally
> externalization. (Entausserung is Marx's main term for alienation in
> Capital; in his early manuscripts he spoke often of Entfremdung, i.e.
> estrangement, but this became far less common later.)
>
> This is a very minor issue -- but it seems safe to say, at least, that
> entausserung has many negative externalities as corollaries...
>
> Thanks,
>
> David Smith
>
> David N. Smith
> Department of Sociology
> University of Kansas
> Lawrence KS 66045
> (913) 842-2793
>
>
--
Rosser Jr, John Barkley
[EMAIL PROTECTED]
