Pigou, Arthur Cecil, – Pensamiento económico. Economistas ingleses – Biografías Economía del bienestar. Asignación de recursos. Economía. Download Citation on ResearchGate | Pigou, Arthur Cecil (–) | A.C. Pigou was born at Ryde, LA ECONOMIA DEL BIENESTAR / A.C. PIGOU ; TR. Pigou es considerado el fundador de la Economía del Bienestar y principal precursor del movimiento ecologista al establecer la distinción entre costes.

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Nor does Germany stand alone before this charge; as witness the following description of modern England written by an Englishman from the standpoint of an Oriental spectator. In human physiology, on the other hand, the theoretic interest, though present, is subordinate, and the science has long been valued mainly as a basis for the art of medicine. Waiving the distinction, discussed in Chapter II. Dsl the group in period II. Instances of the same kind could be multiplied. At one end of the scale stands the most general science of all, metaphysics, the science of reality.

It is the clear duty of Government, which is the trustee for unborn generations as well as for its present citizens, to watch over, and, if need be, by legislative enactment, to defend, the exhaustible natural resources of the country from Edition: Coal, for example, if left alone, will last without change of form for an indefinite number of years; but, none the less, the “life” enjoyed by coal in the lake of capital, i.

The English income tax, though it appears to be neutral, in fact, as is shown elsewhere, piguo does this 35 The foregoing analysis shows that there is a prima facie case for softening the dle element in these taxes.

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Mill in his Logic. Then it is clear that both of them cannot indicate the direction in which the economic satisfaction as measured in money enjoyed by the group has changed.

An attempt to solve this problem falls naturally into three parts: Pigou gave up his professor’s chair inbut remained a Fellow of King’s College until his death. Before the application of general laws to particular problems can yield quantitative results, these laws themselves must be binestar of quantitative statement.


These things are most conveniently described as goods—whether immediately arthurr or durable—and services, it being, of course, understood that a service that has already been counted in the form of the piano or loaf of bread, which it has helped to make, must not be counted again in its own right as a service. This line of reasoning now seems to me to depend on a priori probabilities in a manner that is not correct.

Plainly, if this inventory is in no way modified, capital is maintained intact in an absolute sense; and, if somethings fall out of the inventory, it is not maintained intact in an absolute sense. It is true, no doubt, that between economic strength and capacity for war there is a certain rough agreement. Dawson in a book published several years before the war, “and for that gift the world will ever be grateful; we do not know what modern Germany, the Germany of the overflowing barns and the full argosies, has to offer, beyond its materialistic science and its merchandise Nevertheless, I submit that, in the absence of special knowledge, there is room for a judgment of probability.

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But there is a third and even more serious difficulty. This course would hamper thorough investigation and shut out inquiries that might ultimately bear fruit. Consequently, Marshall’s definition of the national dividend is likely, on the whole, to prove more useful than the other, and I propose in what follows to adopt it.

That is the question which has now to be discussed.

Now, if our end is practice, it is obvious that a political economy that did so extend would be for us merely an amusing toy. One who desired knowledge of man apart from the fruits of knowledge would seek it in the history of religious enthusiasm, of martyrdom, or of love; he would not seek it in the market-place.

Though our condition, in the class of problem so far considered, only fixes these two limits within which the measure of dividend changes should lie, considerations of convenience suggest even here the wisdom of selecting, though it be in an arbitrary manner, some one among the indefinite number of possible measures.


There is nothing else available, and, therefore, if we are to construct any measure at all, we must use these data. Considering a single individual whose tastes are taken as fixed, we say that his dividend in period II.

These very real elements in welfare will, indeed, enter into relation with the measuring rod of money, and so be counted in economic welfare, in so far as one group of people devote income to purchasing things for other people. Of the student of that science it is, indeed, true that “he yet may bring some worthy thing for waiting souls to see”; but it must be light alone, it can hardly be fruit that he brings.

This illustration is only relevant to the present purpose on the unreal assumption that English and German workmen’s tastes are the same and that their purchases differ solely on account of differences in Edition: I shall myself employ that term.

Arthur Cecil Pigou,

Retrieved from ” https: In this case our definition makes C 2 both less than C 1 and also greater than C 1 ; which is a bieneetar paradox. Against this suggestion there remains, however, one considerable obstacle. If they are both greater than unity, this means that our group, if it ;igou, can buy more commodities in the second period than in the first, whether its purchases are arranged in the form of collection C 1 or in that of collection C 2.

But to adopt a definition so wide as that would be tantamount to abandoning dependence upon the measuring rod of money. Our analysis also suggests that bisnestar welfare could be increased by some rightly chosen degree of differentiation in favour of saving.