Welfare economics is a branch of economics using microeconomic techniques to simultaneously determine the efficiency of the overall economy and the income distribution consequences associated with it. As a British economist best known for his work in many fields and particularly in welfare economics, Pigou attended the prestigious Harrow School and was a graduate of King's College, Cambridge, where he studied under Alfred Marshall, famously known as the creator of "The Marshall Plan". Here in The Economics of Welfare, Pigou asserts that individuals are the best judges of their own welfare, that people will prefer greater welfare to less welfare, and that welfare can be adequately measured either in monetary terms or as a relative preference. Scholars and students of both economics and welfare policy will find Pigou's work a significant contribution to current debates on welfare policy directions. Included in Volume I: "Welfare and The National Dividend" and "The Size of The National Dividend and The Distribution of Resources Among Different Uses" ALSO AVAILABLE AT COSIMO CLASSICS: The Economics of Welfare: Volume II
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ARTHUR CECIL PIGOU (1877-1959) was a Professor of Political Economy at Cambridge University from 1908 to 1943. He is best known for the development of "The Pigou Effect," an economics term, which refers to the stimulation of output & employment caused by increasing consumption. Pigou served on a number of royal commissions, including the 1919 committee on income tax.
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Exelet work of A.C. Pigou,
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Pigou have done an exelent work on welfare economics
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First Sentence:
When labour and equipment in the whole or any part of an industry are rendered idle by a strike or lock-out, the national dividend must suffer in a way that injures economic welfare. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
practicable bargains, decreasing supply price, increasing supply price, constant supply price, marginal net product, national dividend, marginal supply price, neutral transferences, differential transferences, marginal social net product, deterrent conditions, dismissal method, equilibrium firm, absolute share, casual method, discriminating monopoly, industrial remuneration, unfair wages, aggregate real income, simple monopoly, ideal output, ration scale, additive cost, premium plans, marginal occupations Key Phrases - Capitalized Phrases (CAPs): (learn more)
Royal Commission, Poor Laws, New Zealand, Board of Trade, United Kingdom, Economic Journal, Bureau of Labour, Labour Gazette, New South Wales, Trade Board, Bulletin of Labour, Conciliation Board, Great Britain, Great War, Industrial Commission, Llewellyn Smith, Ministry of Labour, Wages Boards, Minority Report, National Union, Principles of Economics, Professor Moore, Quarterly Journal of Economics, Want of Employment, Aged Poor New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
When labour and equipment in the whole or any part of an industry are rendered idle by a strike or lock-out, the national dividend must suffer in a way that injures economic welfare. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
practicable bargains, decreasing supply price, increasing supply price, constant supply price, marginal net product, national dividend, marginal supply price, neutral transferences, differential transferences, marginal social net product, deterrent conditions, dismissal method, equilibrium firm, absolute share, casual method, discriminating monopoly, industrial remuneration, unfair wages, aggregate real income, simple monopoly, ideal output, ration scale, additive cost, premium plans, marginal occupations Key Phrases - Capitalized Phrases (CAPs): (learn more)
Royal Commission, Poor Laws, New Zealand, Board of Trade, United Kingdom, Economic Journal, Bureau of Labour, Labour Gazette, New South Wales, Trade Board, Bulletin of Labour, Conciliation Board, Great Britain, Great War, Industrial Commission, Llewellyn Smith, Ministry of Labour, Wages Boards, Minority Report, National Union, Principles of Economics, Professor Moore, Quarterly Journal of Economics, Want of Employment, Aged Poor New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
100
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cite this book:
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- Overview and Economic Analysis of Property and Criminal Law (Law and Economics) by Jenny B. Wahl on 6 pages
- The General Theory of Employment, Interest, and Money by John Maynard Keynes on 4 pages
- Keynes, Pigou and Cambridge Keynesians: Authenticity and Analytical Perspective in the Keynes-Classics Debate by Gerhard Michael Ambrosi on page 79, Back Matter (1), and Back Matter (2)
- Human Well-Being and Economic Goals (Frontier Issues in Economic Thought) by Frank Ackerman on page 100, page 122, and page 132
- Environmental policy between regulation and market (Themenhefte Schwerpunktprogramm Umwelt) by C. Jeanrenaud on page 196, page 301, and Back Matter
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