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Subject Area: Economics

Arthur Cecil Pigou, The Economics of Welfare [1920]

Edition used:

The Economics of Welfare (4th ed.) (London: Macmillan, 1932).


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About this title:

Pigou develops the concept of externalities at some length and uses their existence as a justification for government intervention.

About Liberty Fund:

Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.


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