Pigou, Arthur Cecil

Arthur Cecil Pigou (pĬ´gōō), 1877–1959, British economist, grad. King's College, Cambridge. He was a lecturer at University College, London, and at Cambridge. He was professor of political economy at Cambridge from 1908 to 1943. He served as a member of the committee on currency and foreign exchange (1918) and of the royal commission on income tax (1919). He was a leading exponent of the theory that economic waste due to unemployment, poor health, and poor housing is a responsibility of society, which should bear the costs. Among his many works are Wealth and Welfare (1912), The Economics of Welfare (1920), The Political Economy of War (1921; new ed. 1941), The Theory of Unemployment (1933), Socialism versus Capitalism (1937), and Income: An Introduction to Economics (1946).

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Publication information: Article title: Pigou, Arthur Cecil. Encyclopedia title: The Columbia Encyclopedia, 6th ed.. © 2012 The Columbia Electronic Encyclopedia © 2012, Columbia University Press. Licensed from Columbia University Press. Used with the permission of Columbia University Press. All Rights Reserved. Publisher: The Columbia University Press. Place of publication: Not available. Publication year: 2013.

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