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Author : Ezra J. Mishan

 : Costs of Economic Growth

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Sometimes, as a gesture of technical bravado, economists may add to the social cost of motorized traffic an estimate of the costs to the community of the number of fatal accidents by the felicitous device of reckoning the cost of a man killed as the loss of a potential future pecuniary contribution to the national product.


     From : Part Two, Chapter 8: External Diseconomies and Separate Facilities, Page 87.

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     5 -- Added : April 15, 2020

     5 -- Updated : July 10, 2022

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