Arthur Cecil Pigou

Arthur Cecil Pigou (born November 18, 1877 in Ryde , Isle of Wight , † March 7, 1959 in Cambridge ) was an English economist . He is considered a representative of the Cambridge School of Neoclassicism and made a name for himself in welfare , economic and monetary theory .

Life

Arthur Cecil Pigou introduced the concept of the Pigou tax , named after him, in 1920, which aims to curb environmental pollution. He advocated the idea of progressive tax , which he - like Francis Edgeworth - justified with the decreasing marginal utility of income . In 1920 he dealt with price differentiation , and thus the skimming off of consumer surplus in favor of producer surplus .

In the 1920s, he first used the term Quality of Life ( quality of life ), the in the 1960s, Lyndon B. Johnson took up and spread. Pigou held extensive discourses with John Maynard Keynes .

He was a member of the Royal Netherlands Academy of Sciences since 1921. In 1927 he was elected a member of the British Academy . In 1928 Pigou was elected to the American Academy of Arts and Sciences . In 1955 he was awarded the international Antonio Feltrinelli Prize .

Ian Kumekawa: The first serious optimist. AC Pigou and the Birth of Welfare Economics . Princeton University Press, Princeton 2017, ISBN 978-0-691-16348-2 .

↑ Alban Knecht: Producing quality of life. A resource theory and power analysis. VS-Verlag, Wiesbaden 2010, p. 16.
↑ Alban Knecht: Producing quality of life. A resource theory and power analysis. VS-Verlag, Wiesbaden 2010, p. 18.
^ Deceased Fellows. British Academy, accessed July 17, 2020 .