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    Founder of Welfare Economics

    A[rthur] C[ecil] Pigou. Wealth and Welfare. London: Macmillan, 1912. First edition. Octavo. xxxi, 493, 2 pages of publisher's ads. Publisher's full blue cloth with blindstamped rule to covers and gilt titles and ruling to spine. Fore-edge uncut. Covers rubbed and lightly worn with lightly bumped corners. Minor foxing at endpapers. Small cross mark on title. Bookseller's ticket at rear. A better than very good copy.

    "Arthur Cecil Pigou founded welfare economics by synthesizing Marshall's theoretical framework and Sidgwick's categories of market failure and imperfections. His view of welfare economics was expansive, including resource allocation, income redistribution, business cycles, and unemployment" (Palgrave). From the James and Deborah Boyd Collection.

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    Auction Dates
    April, 2012
    11th-12th Wednesday-Thursday
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