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The First Serious OptimistA. C. Pigou and the Birth of Welfare Economics$
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Ian Kumekawa

Print publication date: 2017

Print ISBN-13: 9780691163482

Published to Princeton Scholarship Online: May 2018

DOI: 10.23943/princeton/9780691163482.001.0001

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To “Really Do a Little Good”

To “Really Do a Little Good”

A Redemptive Conclusion

(p.194) Chapter Eight To “Really Do a Little Good”
The First Serious Optimist

Ian Kumekawa

Princeton University Press

This chapter describes the circumstances of Pigou's retirement. Despite all the vitriol Pigou spewed during the late 1940s and 1950s, he was hardly as despairing or as resentful as he had been over the preceding one and a half decades. Certainly, his softening toward the public and his general change in outlook were naturally concordant with a late-blooming acceptance of his waning position in academic economics. It was not that Pigou retired completely from academic circles. He continued to contribute to organs like The Economic Journal and Economica, and between 1947 and 1954, he published twelve journal articles, several of which were quite technical. But he also began to explore new topics and relaxed his standards on political advocacy in economics journals as he was doing in his submissions to the popular press.

Keywords:   retirement, academic economics, political advocacy, politics, economics journals

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