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    20th Century · English

    The Economics of Welfare

    Arthur Cecil Pigou

    The Economics of Welfare, by Arthur Cecil Pigou (1877–1959), a public-domain text from Liberty Fund's Online Library of Liberty.

    Chapters
    79
    Variants
    79
    Genre
    Economics
    Difficulty
    Advanced

    Chapters

    1. 01Preface to the Third Edition (1928)prose
    2. 02Part I: Welfare and the National Dividend, Chapter I: Welfare and Economic Welfareprose
    3. 03Chapter II: Desires and Satisfactionsprose
    4. 04Chapter III: The National Dividendprose
    5. 05Chapter IV: What Is Meant by Maintaining Capital Intactprose
    6. 06Chapter V: Changes in the Size of the National Dividendprose
    7. 07Chapter VI: The Measurement of Changes in the Size of the National Dividendprose
    8. 08Chapter VII: Economic Welfare and Changes in the Size of the National Dividendprose
    9. 09Chapter VIII: Economic Welfare and Changes in the Distribution of the National Dividendprose
    10. 10Chapter IX: Reactions Through the Numbers of the Populationprose
    11. 11Chapter X: The National Dividend and the Quality of the Peopleprose
    12. 12Chapter XI: The Method of Discussion to Be Followedprose
    13. 13Part II: The Size of the National Dividend and the Distribution of Resources Among Different Uses, Chapter I: Introductoprose
    14. 14Chapter II: The Definition of Marginal Social and Private Net Productsprose
    15. 15Chapter III: The Values of Marginal Social Net Products and the Size of the National Dividendprose
    16. 16Chapter IV: Rates of Return and the Values of Marginal Private Net Productsprose
    17. 17Chapter V: The Effects of Eliminating Obstacles to Movementprose
    18. 18Chapter VI: Hindrances to Equality of Returns Due to Imperfect Knowledgeprose
    19. 19Chapter VII: Hindrances to Equality of Returns Due to Imperfect Divisibility of the Units in Terms of Which Transactionsprose
    20. 20Chapter VIII: Hindrances to Equality of Returns Due to Relative Variations of Demand in Different Occupations and Placesprose
    21. 21Chapter IX: Divergences Between Marginal Social Net Product and Marginal Private Net Productprose
    22. 22Chapter X: Marginal Private and Social Net Products in Relation to Industrial Formsprose
    23. 23Chapter XI: Increasing and Decreasing Supply Priceprose
    24. 24Chapter XII: State Regulation of Competitive Pricesprose
    25. 25Chapter XIII: State Regulation of Suppliesprose
    26. 26Chapter XIV: The Conditions of Monopolisationprose
    27. 27Chapter XV: Monopolistic Competitionprose
    28. 28Chapter XVI: Simple Monopolyprose
    29. 29Chapter XVII: Discriminating Monopolyprose
    30. 30Chapter XVIII: The Special Problem of Railway Ratesprose
    31. 31Chapter XIX: Purchasers' Associationsprose
    32. 32Chapter XX: Intervention by Public Authoritiesprose
    33. 33Chapter XXI: Public Control of Monopolyprose
    34. 34Chapter XXII: Public Operation of Industriesprose
    35. 35Part III: The National Dividend and Labour, Chapter I: Industrial Peaceprose
    36. 36Chapter II: The Classification of Industrial Differencesprose
    37. 37Chapter III: Voluntary Arrangements for Conciliation and Arbitrationprose
    38. 38Chapter IV: MEDIATIONprose
    39. 39Chapter V: Coercive Interventionprose
    40. 40Chapter VI: An Analytical View of Industrial Peaceprose
    41. 41Chapter VII: Hours of Labourprose
    42. 42Chapter VIII: The Methods of Industrial Remunerationprose
    43. 43Chapter IX: The Distribution of Labour Among Occupations and Placesprose
    44. 44Chapter X: Employment Exchangesprose
    45. 45Chapter XI: Unemployment versus Short Timeprose
    46. 46Chapter XII: The Practicability of Interference to Raise Wagesprose
    47. 47Chapter XIII: Methods of Engaging Labourprose
    48. 48Chapter XIV: Interference to Raise Wages in Places and Occupations Where They Are Unfairprose
    49. 49Chapter XV: Fair Wages Inside Particular Industriesprose
    50. 50Chapter XVI: Fairness as a Variable Relationprose
    51. 51Chapter XVII: Interference to Raise Wages in Places and Occupations Where They Are Already Fairprose
    52. 52Chapter XVIII: Wage Rates and Capacityprose
    53. 53Chapter XIX: A National Minimum Time-wageprose
    54. 54Chapter XX: Fixed and Fluctuating Wage Rates in Particular Industriesprose
    55. 55Part IV: The Distribution of the National Dividend, Chapter I: The General Problem of Disharmonyprose
    56. 56Chapter II: PARETO'S LAWprose
    57. 57Chapter III: The Supply of Capital and Labourprose
    58. 58Chapter IV: Inventions and Improvementsprose
    59. 59Chapter V: The Manipulation of Wagesprose
    60. 60Chapter VI: RATIONINGprose
    61. 61Chapter VII: Subsidies to Wagesprose
    62. 62Chapter VIII: Direct Transferences from the Relatively Rich to the Relatively Poorprose
    63. 63Chapter IX: The Effect on the National Dividend of the Expectation of Transferences from the Relatively Richprose
    64. 64Chapter X: The Effect on the National Dividend of the Expectation of Transferences to the Poorprose
    65. 65Chapter XI: Bounties on Things Purchased by the Poorprose
    66. 66Chapter XII: The Effect on the National Dividend of the Fact of Transference from the Relatively Rich to the Poorprose
    67. 67Chapter XIII: A National Minimum Standard of Real Incomeprose
    68. 68Appendix I Uncertainty-bearing as a Factor of Productionprose
    69. 69Appendix II the Measurement of Elasticities of Demandprose
    70. 70Appendix III a Diagrammatic and Mathematical Treatment of Certain Problems of Competition and Monopoly, I Normal Supply prose
    71. 71II Many-firm Industriesprose
    72. 72III One-firm Industriesprose
    73. 73IV the Ideal Output in a Many-firm Industryprose
    74. 74V the Ideal Output in a One-firm Industryprose
    75. 75VI Demand Price and Marginal Demand Priceprose
    76. 76VII Simple Monopoly and Maximum Pricesprose
    77. 77VIII Some Problems of Discriminating Monopolyprose
    78. 78IX Methods of Industrial Remunerationprose
    79. 79X the Meaning of Exploitationprose