IDEAS home Printed from https://ideas.repec.org/a/taf/rherxx/v66y2017i1p2-18.html
   My bibliography  Save this article

Pigou on War Finance and Welfare

Author

Listed:
  • Rogério Arthmar
  • Michael McLure

Abstract

This paper reviews A. C. Pigou’s contributions to policy discussions pertaining to war finance across three distinct periods: the early phase of World War I from 1915 to 1916; the final phase of World War I from 1917 to 1918; and the post-war phase from 1919 to 1925. We establish that the distribution of the fiscal burden of war finances was a major theme of Pigou in the early phase of the War, but, as the end of the conflict drew near his focus shifted to the sustainability of public debt and proposals to reduce that debt. In the post war phase, his reflections shifted to the necessary elements of future political, fiscal and economic stability. We conclude by suggesting the grounding for his analysis of policy issues during each of these three phases can be traced back to his major pre-war work, Wealth and Welfare.

Suggested Citation

  • Rogério Arthmar & Michael McLure, 2017. "Pigou on War Finance and Welfare," History of Economics Review, Taylor & Francis Journals, vol. 66(1), pages 2-18, January.
    • Handle: RePEc:taf:rherxx:v:66:y:2017:i:1:p:2-18
    DOI: 10.1080/10370196.2016.1270159
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10370196.2016.1270159
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10370196.2016.1270159?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rherxx:v:66:y:2017:i:1:p:2-18. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rher .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.