The Economics of Welfare

Pigou, A. C. (1920/1932). The Economics of Welfare.

Type

Unclassified

Intellectual base

Unclassified

Year

1932 this edition · first published 1920

Link

https://www.econlib.org/library/NPDBooks/Pigou/pgEW.html

Cited by

2 citations across 2 artifacts.

Each citation links to the sentence it supports in the citing article.

Mechanisms

• Dissipation Ledger
  • This is closely tied to the economic idea of a negative externality, a cost borne by a third party who is not part of the transaction and therefore invisible to it unless something deliberately puts it back on the books.

    This sourceExplains negative external costs as harms borne outside a private transaction and therefore omitted from the transacting parties' private accounting.

• Whole-System Impact Map
  • The discipline is to fix the boundary and stakeholder set before the analysis, to grade links by evidence, and to treat the cross-boundary consequences as externalities to be counted rather than assumed away.

    This sourceRequires effects borne by people outside the immediate transaction to be counted when assessing social net product.

Verification

Does it exist? Not checked yet. This entry carries no identifier to resolve. It was extracted from the citation as written in the article, normalized, and deduplicated against the rest of the registry.

Does it back the claim? Not recorded. Neither this nor any other of the 2 citations of this work carries a recorded support check.

Support is checked per citation rather than per work — the same source can be cited soundly in one article and wrongly in another. Per-citation recording began recently, so a citation with no recorded check is a gap in the record rather than evidence it went unchecked.

See how references were verified.

Registry ID ref:64bed85836b5 · see in the full table