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A.C. Pigou: Welfare Economics Insights by Tosheet Singh Thakuri is a document available to read on EtoBox.

Arthur Cecil Pigou was a British economist known for his contributions to welfare economics and defending neoclassical economics against Keynesian attacks. He developed the concept of externalities and argued negative externalities should be offset by a tax (Pigouvian tax) and positive externalities offset by a subsidy. The Pigou effect states that deflation increases employment and output through higher real wealth and consumption. Pigou made many influential works but was influenced by his teacher Alfred

Author

Tosheet Singh Thakuri

Language

EN