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 the Cambridge school of neo-classical and made in the welfare, economic and monetary theory a name.

Life

Pigou introduced in 1912 the concept of named after him Pigouvian tax to which the pollution is to be curbed. He took the idea of ​​the progressive tax, which he - as Francis Edgeworth - founded with the declining marginal utility of income. In 1920, he dealt with the price differentiation, and thus the levy of consumer surplus in favor of the producer surplus.

In the 1920s, he used the first time the concept of Quality of Life (quality of life ), the took up in the 1960s, Lyndon B. Johnson and spread.

Pigou led by John Maynard Keynes extensive discourses. 1955 Pigou was awarded the Antonio Feltrinelli International Prize.