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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.
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 ...
An example sometimes cited is a subsidy for the provision of flu vaccines and the public goods (such as education and national defense), research & development, etc. [6] [7] Pigouvian taxes are named after English economist Arthur Cecil Pigou (1877–1959), who also developed the concept of economic externalities.
The Ministry of National Education and Youth, or simply Ministry of National Education, as the title has changed several times in the course of the Fifth Republic, is the cabinet member in the Government of France who oversees the country's public educational system and supervises agreements and authorisations for private teaching organisations.
The Pigou effect was first popularised by Arthur Cecil Pigou in 1943, in The Classical Stationary State an article in the Economic Journal. [4] He had proposed the link from balances to consumption earlier, and Gottfried Haberler had made a similar objection the year after the General Theory's publication. [5]
Arthur Cecil Pigou (1877–1959) In 1920 Alfred Marshall's student Arthur Cecil Pigou (1877–1959) published Wealth and Welfare , which insisted on the possibility of market failures , claiming that markets are inefficient in the case of economic externalities , and the state must interfere to prevent them.
The Official Journal of the French Republic (French: Journal officiel de la République française), also known as the JORF or JO, is the government gazette of the French Republic. It publishes the major legal official information from the national Government of France, the French Parliament [2] [3] [4] and the French Constitutional Council. [5]
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