1923-1953

Arthur Cecil Pigou (1877-1959) was the leading British economist of the two decades before World War II. His writings extended over 50 years and covered a wide range of economic subjects. He is best known for his contributions to the theory of economic welfare. A student under Alfred Marshall at Cambridge and his successor as Professor of Political Economy, he was responsible for communicating Marshallian orthodoxy to the next generation of Cambridge economists. As a result, he became the main target for the new thinking of Keynes' General Theory (1936), being held up as an example of all that was wrong with classical macroeconomics. Today, his importance in shaping the modern discipline is firmly established and he is universally regarded as a figure of first distinction in the history of economics.

• Volume 2 1923-1953: prices and wages from 1896-1914, EJ (1923); problems of compensation, EJ (1925); Professor Edgeworth's collected papers, EJ (1925); a contribution to the theory of credit, EJ (1926); the laws of diminishing and increasing cost, EJ (1927); wage policy and unemployment, EJ (1927); an Analysis of Supply, EJ (1928); the monetary theory of the trade cycle (Review and discussion with R.G.Hawtrey), EJ (1929); disturbances of equilibrium in international trade, EJ (1929); the statistical derivation of demand curves, EJ (1930); the effect of reparations on the ratio of international interchange, EJ (1932); a note on imperfect competition, EJ (1933); the elasticity of substitution, EJ (1934); net income and capital depletion, EJ (1935); Mr. J.M. Keynes's general theory of employment, interest and money "Economica" (1936). (Part contents).