A.C. Pigou's Rejection of Pareto's Law

Research output: Working paperDiscussion paper

4 Downloads (Pure)

Abstract

In Pigou’s 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 ‘Pareto’s law’ of income distribution. This note highlights Pigou’s uncorrected misreading of a critical aspect of Pareto’s analysis of income distribution; illustrates what his criticisms of Pareto’s law reveal about Pigou’s objectives for welfare economics; and indicates how Pareto’s analysis of income distribution could have been criticised in a manner that is consistent with Pigou’s objectives for welfare economics.
Original languageEnglish
PublisherUWA Business School
Publication statusPublished - 2011

Publication series

NameEconomics Discussion Papers
No.14
Volume11

Fingerprint Dive into the research topics of 'A.C. Pigou's Rejection of Pareto's Law'. Together they form a unique fingerprint.

Cite this