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Karl William Kapp
Sign in to saveAmerican economist (1910–1976)
Person · Open Library
- Works
- 3
Top works
- History of Economic thought ; a book of readings (Formely published as Readings in economics). Ed. by K. William Kapp and Lore L. Kapp
- The social costs of private enterprise
- Erneuerung der Sozialwissenschaften
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Recent publications · Crossref
5 total works indexed
- VMD: Visual molecular dynamics
· 1996 · cited 62,861x
- Theory of the firm: Managerial behavior, agency costs and ownership structure
· 1976 · cited 44,803x
- Comparison of simple potential functions for simulating liquid water
· 1983 · cited 39,507x
- QIIME allows analysis of high-throughput community sequencing data
· 2010 · cited 30,939x
- Standards and guidelines for the interpretation of sequence variants: a joint consensus recommendation of the American College of Medical Genetics and Genomics and the Association for Molecular Pathology
· 2015 · cited 29,082x
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Quotes
- “Whenever social costs are shifted onto economically and politically weaker sections of society without compensation, a redistribution of the costs of production, hence real income is involved.”
- “Had there been a computer in 1872... it would probably have predicted that there would be so many horse-drawn vehicles that it would be impossible to clear up all the manure.”
- “Social costs... are all direct and indirect losses sustained by third persons or the general public as a result of unrestrained economic activities.”
- “To ignore social costs because they require an evaluation by society... and to leave social losses out of account because they are 'external' and 'non-economic' in character, would be equivalent to attributing no or ‘zero’ value to all social damages which is no less arbitrary and subjective a judgement than any positive or negative evaluation of social costs.”
- “They (social costs) are damages or diseconomies sustained by the economy in general, which under different institutional conditions could be avoided. [. . .] if these costs were inevitable under any kind of institutional arrangement they would not really present a special theoretical problem. [. . .] to reveal their origin, the study of social costs must always be an institutional analysis. Such an analysis raises inevitably the question of institutional reform and policy.”
- “Capitalism must be regarded as an economy of unpaid costs, ‘unpaid’ in so far as a substantial portion of the actual costs of production remains unaccounted for in entrepreneurial outlays; instead they are shifted to, and ultimately borne by, third persons or by the community as a whole.”
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