Person/Arthur Cecil Pigou

• Arthur Cecil Pigou

  • Bio

    • British economist (1877-1959) associated with welfare economics.
    • Best known for work on externalities and corrective taxation.
    • The term Pigouvian is named after him.

  • Why He Matters

    • Pigou formalized how private incentives can diverge from social costs or benefits.
    • His framework motivates policy tools like the Pigouvian externalities page's Pigouvian tax concept.

  • Pronunciation

    • Pigouvian: pig-OO-vee-uhn

  • External Links

    • Wikipedia: A. C. Pigou