Welfare economics begins with the application of utility theory in microeconomics ... Vilfredo Pareto, and Arthur C. Pigou played a key role in its conception. However, it’s also true that ...

the English economist Arthur Cecil Pigou once founded the theory of environmental taxation. In the classic "The Economics of Welfare", the first edition of which was published as early as 1920 ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is author of ‘The First Serious Optimist: AC Pigou and the Birth of Welfare Economics’ A ...

Desai’s special fondness for Arthur Cecil Pigou comes out shining in the chapter ‘The rebirth of political economy’, where he discusses, in some detail, his views on economic welfare ...

Economist Arthur Cecil Pigou was among the first to explain the concept of such a "negative externality," and the first to suggest a way to deal with it. Now, Pigou's insight is being used to ...