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Title: Economics of Language: An Overview

Citation Type: Miscellaneous

Publication Year: 2008

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Abstract: Conventional economic literature has classified language as a complex good, witha dual nature of private good and public good. However, the tongue has certain characteristicsthat can be placed in another additional category of goods called meritgoods. These can be characterized as conditions for the possibility for an event tooccur.In the case of language, the presence of a common tongue can be considered as aprecondition for the appearance of commerce and the creation of efficient markets. Besides, language can have an influence on the social economic status of people. In thiscase, language becomes a condition to reach a plentiful life in a social structure.

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Authors: Salem, Daniel S.; Jurjo, Jose

Publisher: Universidad de Alcale Henares

Data Collections: IPUMS USA

Topics: Other

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