Abstract
The term pecuniary economies is probably due to Viner (1931), who distinguished them from technological ones. It is the latter that are often referred to as non-pecuniary economies. It is helpful to start by distinguishing internal economies from those that are external to the firm, and to deal with them separately.
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Marshall, A. 1920. Principles of economics, 8th ed. London: Macmillan.
Scitovsky, T. 1954. Two concepts of external economies. Journal of Political Economy 62: 70–82.
Viner, J. 1931. Cost curves and supply curves. Zeitschrift für Nationalökonomie 3: 23–46.
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de V. Graaff, J. (2018). Pecuniary and Non-pecuniary Economies. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1443
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1443
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
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