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Ian Kumekawa, The First Serious Optimist: A.C. Pigou and the Birth of Welfare Economics (Book Review)

Author

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  • Scott Alan CARSON

    (University of Texas of the Permian Basin, USA)

Abstract

Before there was Keynes, there was Pigou. Both students of the acclaimed Alfred Marshall, both went on to make foundational contributions to economic thought. Keynes’s star in macroeconomics surpassed Pigou, but Pigou’s contribution to micro and welfare economics are pinnacles in their own right. The late 19th and early 20th century Cambridge economics faculty is frequently over looked by the more recent developments in economics by the University of Chicago and Massachusetts Institute of Technology.

Suggested Citation

  • Scott Alan CARSON, 2019. "Ian Kumekawa, The First Serious Optimist: A.C. Pigou and the Birth of Welfare Economics (Book Review)," Journal of Economics Library, EconSciences Journals, vol. 6(2), pages 155-158, June.
    • Handle: RePEc:cvv:journ5:v:6:y:2019:i:2:p:155-158
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    Keywords

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    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General

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