Wednesday, November 2, 2011

Piquo and Welfare Economics

According to John Kenneth Galbraith, A.C. Pigou (for whom the Pigouvian tax is named after) "was known for having brought the word 'welfare' into economic use."

Source
John Kenneth Galbraith
A Tenured Professor
Page 36
1990
Houghton Mifflin Company

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