Arthur Cecil Pigou by Nahid Aslanbeigui, Guy Oakes

By Nahid Aslanbeigui, Guy Oakes

The British economist Arthur Cecil Pigou (1877-59) reconceptualized economics as a idea of financial welfare and a good judgment of coverage research. Misconceptions of his paintings abound. This publication, an essay in demystification and the 1st interpreting of the whole Pigouvian oeuvre, stresses his pragmatic and historicist premises.

Show description

Read Online or Download Arthur Cecil Pigou PDF

Similar economic theory books

Art of Smooth Pasting (Fundamentals of Pure and Applied Economics)

The most mathematical principles are offered in a context with which economists can be wide-spread. utilizing a binomial approximation to Brownian movement, the maths is lowered to uncomplicated algebra, progressing to a few both uncomplicated limits. the start line of the calculus of Brownian movement — ''Itô's Lemma'' — emerges by means of analogy with the economics of risk-aversion.

Dynamic Asset Allocation with Forwards and Futures

This is often a complicated textual content at the conception of ahead and futures markets which goals at offering readers with a finished wisdom of the way costs are confirmed and evolve over the years, what optimum options you'll be able to anticipate from the individuals, what characterizes such markets and what significant theoretical and sensible changes distinguish futures from ahead contracts.

Enterprise and Inclusion in Italy

In firm and Inclusion in Italy, Edmund Phelps weaves jointly and applies to Italy his primary pursuits of the prior decade -the critical of restoring initiative, firm and dynamism in an outstanding many industrialized economies, such a lot acutely wanted within the japanese eu economies amid the wreckage in their experiments with marketplace socialism and communism, and the relevant of extending self-support and involvement within the company zone to the massive variety of marginalized staff, the place his concentration used to be at the excessive charges of dependency, idleness and crime between much less trained within the usa.

Economics of Physiocracy

The start of Physiocracy was once the start of the technology of economics within the large common shape within which it really is recognized to us this day. it truly is mind-blowing for that reason that the Physiocrats must have got so little recognition from economists within the English-speaking international. This booklet fills that hole. the amount starts off with a intentionally non-specialist advent.

Extra resources for Arthur Cecil Pigou

Example text

It is noteworthy that Lowes Dickinson expressed no doubts about Pigou’s elevation to the professorship. Nor did Maynard, who had already begun a self-administered crash course in economics, the point of which presupposed Pigou’s election. ‘I am coming to Cambridge to-morrow’, he wrote his father eight days before the election, ‘and will bring two volumes of Pigou with me; I can’t find the “Riddle of [the] Tariff” [Pigou 1903e] and think it must be at Harvey Rd [the Keynes residence]’ (22/5/1908, JMK/PP/45/168).

A determination to ‘get to the bottom of things’ was important: a commitment to economic science as economic analysis – as opposed to an atheoretical account of economic facts – and facility in employing the analytical apparatus he had developed in his Principles in order to conceptualize and solve economic problems. Marshall also emphasized a strong sense of judgement exhibited in the capacity to adopt, at least provisionally, a multiplicity of perspectives in order to see the various facets of complex questions.

For “physics” ‘The Most Brilliant Young Man I Know’ 35 substitute what Jevons called the “mechanics” of industry and trade, and the dictum might be applied without extravagance to the author of the analysis that we have mentioned. (Edgeworth 1904, 67) Marshall recommended Pigou’s next book, a substantially revised text of his Adam Smith Prize essay, to his own publisher, Macmillan. In his estimation, Pigou was ‘the ablest economist of his age (about 27) in England, & perhaps anywhere. 11 Macmillan accepted the essay, publishing it under a slightly revised title: Principles and Methods of Industrial Peace (Pigou 1905a).

Download PDF sample

Rated 4.52 of 5 – based on 33 votes