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| From Pigou to Titmuss: Turning to Social Policy in Study of Social Costs |
| DONG Cai-sheng, MA Jie-hua |
| School of Philosophy and Social Sciences,Jilin University, Changchun, Jilin, 130012 |
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Abstract Pigou and Titmuss are two important scholars to promote the study of social costs. Titmuss thought Pigou was the first economist who recognized social costs, but economic researches and their approaches could not properly resolve damages caused by social costs. Therefore, Titmuss, on the basis of Pigou’s findings, creatively introduced social costs into researches of social policy, making comprehensive analysis of the beginning, development, and management of social costs, and proposing that social policies were effective ways to manage social costs and that marginal damage compensation in economics should be expanded to control and precaution in social policy. He thus surpassed Pigou, introducing social policies in the study of social costs, and leading researches in this field in a new direction. Titmuss’s researches of social costs not only promotes the development of social policy, but also provides implication for China to properly resolves the problems of social costs, and promote coordinated social economic development.
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Received: 21 July 2017
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2017, Vol. 34 
