Routledge Dictionary of Economics, Second Edition
Pigou, Arthur Cecil, 1877–1959 (B3)
The Cambridge economist who was a fellow of King’s College from 1902 to 1959 and professor of economics, in succession to MARSHALL, from 1908 to 1943. In Wealth and Welfare (1912), which was expanded into The Economics of Welfare (1920), he built upon Marshallian foundations a study of the size and distribution of national income and the case for government intervention. His other major works included Industrial Fluctuations (1927), Public Finance (1928) and Employment and Equilibrium (1941).
Although he was initially critical of KEYNES’S GENERAL THEORY, by 1949 he was prepared to concede that it was an original contribution to economic analysis.
References
Casson, M. (1983) Economics of Unemployment, Oxford: Martin Robertson.
O’Brien, D.P. and Presley, J.R. (eds) (1981) Pioneers of Modern Economics in Britain, ch. 4, London: Macmillan.
This is the complete article, containing 130 words
(approx. 1 page at 300 words per page).
View More Summaries on Arthur Cecil Pigou
