The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Pecuniary and Non-pecuniary Economies

  • J. de V. Graaff
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_1443

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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Bibliography

  1. Marshall, A. 1920. Principles of economics, 8th ed. London: Macmillan.Google Scholar
  2. Scitovsky, T. 1954. Two concepts of external economies. Journal of Political Economy 62: 70–82.CrossRefGoogle Scholar
  3. Viner, J. 1931. Cost curves and supply curves. Zeitschrift für Nationalökonomie 3: 23–46.CrossRefGoogle Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • J. de V. Graaff
    • 1
  1. 1.