First published in 1978, The Valuation of Social Cost is concerned
both with the idea, and with the practical problems, of placing
monetary values on 'intangible', non-marketed goods, such as
pollution, noise nuisance, personal injury, or the loss of home,
neighbours or recreational benefit. A diverse range of contributors
critically assess both the theoretical issues and the practical
attempts made by economists and others to 'monetise' items which
cannot be bought or sold. Each section contains a comprehensive
literature review and a detailed critical appraisal. Despite being
written in the late 70s, this book discusses issues which retain
significant importance today.
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