Arthur Pigou
Arthur Pigou (1877-1959) was a prominent British economist known for his work in welfare economics and the theory of externalities. His influential book, 'The Economics of Welfare,' laid the groundwork for the welfare state and introduced concepts such as the Pigovian tax, which suggests that taxes should be levied on activities that generate negative externalities to improve social welfare. Pigou's ideas have had a lasting impact on economic policy and the understanding of market failures, making him a key figure in the evolution of economic thought.
Born on Nov 18, 1877 (147 years old)
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Countries Mentioned
| Country | Mentions | Sentiment | Dominance | + Persistence | x Population | = Reach | x GDP (millions) | = Power |
|---|---|---|---|---|---|---|---|---|
| Panama | 1 | 7.00 | 0.08% | +0% | 4,314,768 | 3,641 | $76,000 | 64$ |
| Totals | 1 | 4,314,768 | 3,641 | $76,000 | 64$ |
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Each country's color is based on "Mentions" from the table above.
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Panama:
Arthur Pigou's tradition remains valuable in understanding market failures and public intervention.
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