Online Library of Liberty

A collection of scholarly works about individual liberty and free markets. A project of Liberty Fund, Inc.

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Arthur Cecil Pigou

1877 - 1959


Historical Period:
The 20th Century and Beyond

Pigou is best known for his work on welfare economics. He developed the concept of externalities from Marshall and used it to justify government intervention. Pigou was Professor of Political Economy at the University of Cambridge.


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