The British economist Arthur Cecil Pigou (1877-59) reconceptualized economics as a idea of monetary welfare and a good judgment of coverage research. Misconceptions of his paintings abound. This publication, an essay in demystification and the 1st examining of the complete Pigouvian oeuvre, stresses his pragmatic and historicist premises.
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First released in 1950, this ebook used to be involved in the exposition, feedback, and appreciation of the idea of monetary welfare because it were constructed to that date. Now reissued, Little has additional a brand new retrospective preface during which he assesses the contribution the e-book made within the gentle of next literature within the region.
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