Search results
Results from the WOW.Com Content Network
Arthur Cecil Pigou (/ ˈ p iː ɡ uː /; 18 November 1877 – 7 March 1959) was an English economist.As a teacher and builder of the School of Economics at the University of Cambridge, he trained and influenced many Cambridge economists who went on to take chairs of economics around the world.
Economic shifts are on the horizon, affecting taxes, healthcare and housing as the inauguration of President-elect Donald Trump approaches. Learn More: 3 Things Retirees Should Sell To Build...
“It Ends With Us” has officially hit theaters. Fans of Colleen Hoover’s 2016 novel, which has sold millions of copies, and newcomers alike took to social media to share their thoughts on the ...
The interview covered a wide range of topics beyond the economy, with Trump characteristically refusing to directly answer some questions, changing the subject, indulging in extended tangents and ...
From an economic aspect, congestion is a negative externality, for drivers can affect other drivers' costs of travel, such as costs of time, miles, or gasoline. [28] Therefore, in 1920 A. C. Pigou published the first edition of The Economics of Welfare and tried to solve the congestion problem.
The Pigou–Dalton principle (PDP) is a principle in welfare economics, particularly in cardinal welfarism. Named after Arthur Cecil Pigou and Hugh Dalton, it is a condition on social welfare functions. It says that, all other things being equal, a social welfare function should prefer allocations that are more equitable. In other words, a ...
Since 1991, Europe has saved €1.8 trillion ($1.9 trillion) as a result of lower defense spending — a so-called “peace dividend” — allowing an expansion in European welfare states “to a ...
Following the tradition of classical economics, Pigou favoured the idea of "natural rates" to which the economy would return in most cases, although he acknowledged that sticky prices might still prevent reversion to natural output levels after a demand shock. Pigou saw the "Real Balance" effect as a mechanism to fuse Keynesian and classical ...