Birthplace Ryde, Isle of Wight, England.
Posts Held Lect., Fellow, Prof. Polit. Econ., King's Coll., Camb., 1901, 1902, 1908-43.
Degrees MA Univ. Camb., 1900.
Offices and Honours Adam Smith Prize, 1903; Fellow, BA, 1927.
Publications Books: 1. Principles and Methods of Industrial Peace (1905); 2. Wealth and Welfare (1912), subsequently The Economics of Welfare (1920, 1960); 3. Unemployment (1914); 4. Industrial Fluctuations (1927, 1929); 5. A Study in Public Finance (1928, 1956); 6. The Theory of Unemployment (1933); 7. The Economics of Stationary States (1935); 8. Employment and Equilibrium (1941, 1949); 9. Keynes' "General Theory": A Restospective View (1950); 10. Essays in Economics (1952).
Career Marshall's successor to the Cambridge chair and devoted expositor of Marshall's economics during his tenure of the chair. Pioneered welfare economics in Wealth and Welfare, which embodied his own concerns for justice and the protection of the interests of the poor. Singled out by leading advocate of the classical views which Keynes rejected, he came to accept much of Keynes's thinking in his later years. The quality of all his books is outstanding but he was only slowly won a place as an economist of first distinction.
Secondary Literature A. Robinson, `Pigou, Arthur Cecil', International Encyclopedia of the Social Sciences , D. L. Sills (ed.) (Macmillan and Free Press, 1968), vol. 12; D. Collad, `A. C. Pigou', Pioneers of Modern Economics in Britain, eds. D. P. O'Brien and J. R. Presley (Macmillan, 1981).