The Economics of Welfare

by Arthur Cecil Pigou

The book has no illustrations or index. It may have numerous typos or missing text. However, purchasers can download a free scanned copy of the original rare book from the publisher's website (GeneralBooksClub.com). You can also preview excerpts of the book there. Purchasers are also entitled to a free trial membership in the General Books Club where they can select from more than a million books without charge. Original Publisher: London: Macmillan and co., limited; Publication date: 1920; Subjects: Welfare economics; Welfare economics; Business

Genres: Economics, Philosophy, Nonfiction

628 pages, Paperback

First published January 1, 1920

Reviews

[Richard Marney · Rating 5 out of 5]

The wonders of two 24-hour door to door trips in 5 days! I was able to finish a book I started again in March after a multi-decade hiatus.

This is the foundational work in welfare economics. Pigou brought to economics the concept of externalities and developed policy measures (e.g., taxes) to address their mitigation. His advocacy for government intervention to address such market inefficiencies, might be seen as laying an essential pre-condition for Keynes. Later, Pigou was criticized by Keynes, but undoubtedly served the discipline well by bridging classical and modern economics, influencing fields like modern environmental economics.

[Leonardo]

Si no entiendo mal, de acá nace la noción de externalidades.

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Pigou, who is commonly considered the father of welfare economics...

Capabilities and Happiness.288