By Nahid Aslanbeigui, Guy Oakes
The British economist Arthur Cecil Pigou (1877-59) reconceptualized economics as a conception of monetary welfare and a common sense of coverage research. Misconceptions of his paintings abound. This publication, an essay in demystification and the 1st analyzing of the whole Pigouvian oeuvre, stresses his pragmatic and historicist premises.
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Extra resources for Arthur Cecil Pigou
Browning, a graduate of King’s, was one of the most popular Eton housemasters of his day. He was dismissed due to conflicts with the headmaster, one of which was an extreme displeasure with Browning’s unrestrained public displays of affection towards favoured pupils, which perhaps transgressed the current limits of schoolmasterly moral prudence. Browning’s homosexual proclivities seem to have been an open secret at Cambridge. As his biographer notes, he enjoyed ‘a permanent court of admiring students’ (Anstruther 1983, 9).
To what extent did Foxwell meet Marshall’s expectations? Marshall on Foxwell In a memorial article, Maynard Keynes described Foxwell as a ‘precocious child’, able to read French at the age of four and discuss current events at seven. In 1870, he placed as a senior moralist in the Moral Sciences Tripos. A Whewell Scholar in 1872, he was elected to a fellowship at St. John’s, Marshall’s College, in 1874. These achievements suggest that by the time of the election, he possessed the intellectual powers Marshall required.
In addition to meeting the needs of students in economics and ensuring the competitiveness of Cambridge, which was confronted by independent economics programmes at other universities, an autonomous tripos would produce graduates who could serve the British Empire in government, Parliament, the civil service, business, and industrial and labour relations (Groenewegen 1988, 643–4). The curriculum that Marshall envisioned would form Cambridge students into economists by instilling ‘sound, analytical skills’, acute powers of ‘perception and observation’, and ‘scientific imagination’ (quoted in Groenewegen 1988, 642; see also Marshall to Neville Keynes, 13/12/1908, Marshall 1996b, 214–15).
Arthur Cecil Pigou by Nahid Aslanbeigui, Guy Oakes