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.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
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.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
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
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_1443
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences