Ian Kumekawa, The First Serious Optimist: A.C. Pigou and the Birth of Welfare Economics

Scott Alan CARSON

Abstract


Abctract. Before there was Keynes, there was Pigou.  Both students of the acclaimed Alfred Marshall, both went on to make foundational contributions to economic thought.  Keynes’s star in macroeconomics surpassed Pigou, but Pigou’s contribution to micro and welfare economics are pinnacles in their own right.  The late 19th and early 20th century Cambridge economics faculty is frequently over looked by the more recent developments in economics by the University of Chicago and Massachusetts Institute of Technology.

Keywords. Welfare economics.

JEL. D60, H63, H75, I30.


Keywords


Welfare economics.

Full Text:


References


Pigou, A.C. (1912). Wealth and Welfare. MacMillian, London.

Pigou, A.C. (1920). The Economics of Welfare. MacMillian, London.

Pigou, A.C. (1951). Some aspects of welfare economics. American Economic Review, 41, 287-302.

Schumpeter, J. (1942). Capitalism, Socialism, and Democracy. Harper and Brothers. New York.




DOI: http://dx.doi.org/10.1453/jel.v6i2.1897

Refbacks

  • There are currently no refbacks.


.......................................................................................................................................................................................................................................................................................................................................

Journal of Economics Library - J. Econ. Lib. - JEL - www.kspjournals.org

ISSN: 2149-2379

Editor: [email protected] Secretarial: [email protected]   Istanbul - Turkey.

Copyright © KSP Library