THE CRISIS COST AS A PRODUCTION FACTOR
THE CRISIS COST AS A PRODUCTION FACTOR

Summary/Abstract: The social costs and their efficiency were brought into a frame analysis for the distinction between the private and social (public) marginal products and costs, along the evolution of the scientific debates. While the neoclassic vision recommended taxation, as a valuable tool against expanding the negative externalities, the contemporary approaches are grounded on the complex process of internalizing the externalities, for the economic essence of the total social expenses relays in their action as production factors. Applying this resourceful theory to the context of the world crisis, the European Union uses funding tools to influence the favorable ongoing recovery of its economic meta-system

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