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Arthur Cecil Pigou

アーサー・セシル・ピグー

Āsā Seshiru Pigū

Profile

Gender
Male
Born
1877-11-18 （Ryde, Isle of Wight）
Died
1959-03-07 （Cambridge, Cambridgeshire） age 81
Nationality
England, United Kingdom
Languages
English
Religion
Unknown
Residence History
Ryde, Isle of Wight → Harrow School → Cambridge

Career

Occupations
Economist
Active Years
1901-1959
Affiliations
University of Cambridge
Memberships
British Academy (1925-1947), Foreign Honorary Member of the American Academy of Arts and Sciences, Foreign Member of the Accademia dei Lincei
Influenced By
Alfred Marshall, Henry Sidgwick
Influenced
John Maynard Keynes

Education

Harrow School
Period: -1896
Country: England
In Newlands house, first modern head of school
King's College, Cambridge
History
Period: 1896-
Country: United Kingdom
Admitted as history scholar

Awards

Chancellor's Gold Medal
1899
Work: English Verse
Organization: University of Cambridge
Result: 受賞
Adam Smith Prize
1903
Organization: University of Cambridge
Result: 受賞

Awards & Nominations

Works

Major Works

The Economics of Welfare

1920 Welfare economics

Introduced the concept of externality and Pigouvian tax to correct them.

ExternalitiesPigouvian taxWelfare economics

The Theory of Unemployment

1933 Economics

Analyzes causes of unemployment including sticky wages and frictional unemployment.

UnemploymentSticky wagesLabor market

Principles and Methods of Industrial Peace

1905 Economics

Philosophical work on industrial peace based on Adam Smith Prize essay.

Industrial relationsPeace

Bibliography

  • Browning as a Religious Teacher
  • The Riddle of the Tariff
  • Monopoly and Consumers' Surplus
  • Principles and Methods of Industrial Peace
  • Protective & Preferential Import Duties
  • Review of the Fifth Edition of Marshall's Principles of Economics
  • Producers' and Consumers' Surplus
  • Wealth and Welfare
  • Unemployment
  • Some Aspects of the Housing Problem
  • The Value of Money
  • The Economics of Welfare
  • A Levy on Capital and a Levy on War Wealth
  • Empty Economic Boxes: A reply
  • The Political Economy of War
  • Essays in Applied Economics
  • Industrial Fluctuations
  • The Law of Diminishing and Increasing Cost
  • A Study in Public Finance
  • An Analysis of Supply
  • The Theory of Unemployment
  • The Economics of Stationary States
  • Mr. J.M. Keynes' General Theory
  • Real and Money Wage Rates in Relation to Unemployment
  • Money Wages in Relation to Unemployment
  • Employment and Equilibrium
  • The Classical Stationary State
  • Lapses from Full Employment
  • Economic Progress in a Stable Environment
  • Aspects of British Economic History 1918-1925
  • The Veil of Money
  • Keynes's General Theory: A retrospective view
  • Essays in Economics

Style & Themes

Literary Style
Normative economicsNeoclassical economics
Recurring Motifs
ExternalitiesUnemployment theoryPublic finance

Health

  • Heart condition
    1930年代初頭-晩年
    Affected vigour, curtailed climbing, caused phases of debility

Legacy

Known as the father of welfare economics, introduced concepts of externalities and Pigouvian tax. Influenced many despite rivalry with Keynesians.

Academic Societies

  • The Pigou Society (Harrow School Economics Society)

In Popular Culture

  • Pigou Club (economists supporting carbon tax)
  • Pigouvian tax (used in environmental economics)

Trivia

  • Never married
  • Conscientious objector, drove ambulance in WWI
  • Avid mountaineer and climbing mentor
  • Recluse in later years