A. C. Pigous rejection of Paretos law

被引:2
|
作者
McLure, Michael [1 ]
机构
[1] Univ Western Australia, Crawley, WA 6009, Australia
关键词
Income distribution; Paretos law; Pigou; Economic welfare; B13; B31; I30; MARGINAL PRODUCTIVITY;
D O I
10.1093/cje/bes045
中图分类号
F [经济];
学科分类号
02 ;
摘要
In Pigous Wealth and Welfare, as well as in each of the four editions of his The Economics of Welfare, one chapter is dedicated entirely to the critical assessment, and ultimate rejection, of Paretos law of income distribution. This note highlights Pigous uncorrected misreading of a critical aspect of Paretos analysis of income distribution; illustrates what his criticisms of Paretos law reveal about Pigous objectives for welfare economics; and indicates how Paretos analysis of income distribution could have been criticised in a manner that is consistent with Pigous objectives for welfare economics.
引用
收藏
页码:775 / 789
页数:15
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