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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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(p.208) Epilogue
The First Serious Optimist

Ian Kumekawa

Princeton University Press

This concluding chapter covers Pigou's death in 1959 as well as his legacy. Today, Pigou's ideas seem more germane than ever, and a renewed understanding of his influence is coming into clearer focus. In an age beset by increasingly arresting predictions of climate change, the external effects of the normal operation of the economy have never been more headlined. For it is widely recognized that the ramifications of pollution extend far beyond those “occupying neighbouring properties.” In this way, much of the world has awakened to the fact that it is, and has been for some time, in a post-Pigovian age.

Keywords:   death, legacy, influence, pollution, A. C. Pigou, climate crisis

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