In part i it is argued subject of course to a large number of qualifications that the economic welfare of a community of given size is likely to be greater 1 the larger is the volume of the national dividend and 2 the larger is the absolute share of that dividend that accrues to the poor. The economics of welfare kindle edition by ac pigou download it once and read it on your kindle device pc phones or tablets use features like bookmarks note taking and highlighting while reading the economics of welfare. Other articles where the economics of welfare is discussed arthur cecil pigou pigous most influential work was the economics of welfare 1920 in it pigou developed marshalls concept of externalties which are the costs imposed or benefits conferred on others that are not accounted for by the person who creates these costs or benefits. The economics of welfare palgrave classics in economics a pigou on amazoncom free shipping on qualifying offers originally published in 1920 the economics of welfare provided a solution to the much discussed problem of externalities associated with market inefficiencies such as the problem of pollution. The economic welfare of a community of given size is likely to be greater 1 the larger is the volume of the national dividend and 2 the larger is the absolute share of that dividend that accrues to the poor
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