By Nahid Aslanbeigui, Guy Oakes
ISBN-10: 1137314508
ISBN-13: 9781137314505
ISBN-10: 1349553808
ISBN-13: 9781349553808
The British economist Arthur Cecil Pigou (1877-59) reconceptualized economics as a idea of monetary welfare and a common sense of coverage research. Misconceptions of his paintings abound. This ebook, an essay in demystification and the 1st analyzing of the total Pigouvian oeuvre, stresses his pragmatic and historicist premises.
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Sample text
The Board stressed that ‘any money that the university can spare for their department, at the present time, should be devoted to strengthening their teaching staff rather than to building’ (8/5/1907, CUA/Min. V. 114). Thus at the time of the election, the finances of the Tripos were fragile, and its curricula, regulations, and procedures were not yet institutionally embedded. If the electors chose a candidate who proved unable or unwilling to invest considerable time, intellectual energy, and money in the nascent Tripos, it could easily unravel.
Only some days after the election did Foxwell conclude, as he wrote Clara Collet, that Marshall had been furiously engaged in moving ‘heaven and earth to prevent my election, and raking up every conceivable thing that he thought might prejudice me’ (8/6/1908, quoted in Coats 1972, 493). Although his judgement on this point may have been excessive, it is clear that Marshall was quite active in planning and executing the tactics of the election. On April 30 and May 27, he visited Neville Keynes, pressing his case for Pigou and against Foxwell.
Nicholson’s pronounced irritation at Marshall’s treatment of Foxwell suggests that Edgeworth had made a case for Marshall’s preference of Pigou (9/6/1908, JNK/Add. 7858 1908). Trevor Jones (1978) has suggested that Marshall’s tactics might have included a lectureship for Keynes’ son, Maynard, whose dissertation for a fellowship at King’s had been rejected only some two months prior to the election. Several King’s fellowship electors – including Pigou, who was a friend of Maynard – had extended to both father and son the consolation that if Maynard revised his dissertation, he would almost certainly be elected to a fellowship in 1909.
Arthur Cecil Pigou by Nahid Aslanbeigui, Guy Oakes
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