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The Economics of Welfare

Pigou develops the concept of externalities at some length and uses their existence as a justification for government intervention.

The Economics of Welfare (4th ed.) (London: Macmillan, 1932).

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Author: Arthur Cecil Pigou

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Economics

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CONTENTS
PREFACE TO THE THIRD EDITION (1928)
NOTE TO THE FOURTH EDITION (1932)
PART I: WELFARE AND THE NATIONAL DIVIDEND
Chapter I: WELFARE AND ECONOMIC WELFARE
Chapter II: DESIRES AND SATISFACTIONS
Chapter III: THE NATIONAL DIVIDEND
Chapter IV: WHAT IS MEANT BY MAINTAINING CAPITAL INTACT
Chapter V: CHANGES IN THE SIZE OF THE NATIONAL DIVIDEND
Chapter VI: THE MEASUREMENT OF CHANGES IN THE SIZE OF THE NATIONAL DIVIDEND
Chapter VII: ECONOMIC WELFARE AND CHANGES IN THE SIZE OF THE NATIONAL DIVIDEND
Chapter VIII: ECONOMIC WELFARE AND CHANGES IN THE DISTRIBUTION OF THE NATIONAL DIVIDEND
Chapter IX: REACTIONS THROUGH THE NUMBERS OF THE POPULATION
Chapter X: THE NATIONAL DIVIDEND AND THE QUALITY OF THE PEOPLE
Chapter XI: THE METHOD OF DISCUSSION TO BE FOLLOWED
PART II: THE SIZE OF THE NATIONAL DIVIDEND AND THE DISTRIBUTION OF RESOURCES AMONG DIFFERENT USES
Chapter I: INTRODUCTORY
Chapter II: THE DEFINITION OF MARGINAL SOCIAL AND PRIVATE NET PRODUCTS
Chapter III: THE VALUES OF MARGINAL SOCIAL NET PRODUCTS AND THE SIZE OF THE NATIONAL DIVIDEND
Chapter IV: RATES OF RETURN AND THE VALUES OF MARGINAL PRIVATE NET PRODUCTS
Chapter V: THE EFFECTS OF ELIMINATING OBSTACLES TO MOVEMENT
Chapter VI: HINDRANCES TO EQUALITY OF RETURNS DUE TO IMPERFECT KNOWLEDGE
Chapter VII: HINDRANCES TO EQUALITY OF RETURNS DUE TO IMPERFECT DIVISIBILITY OF THE UNITS IN TERMS OF WHICH TRANSACTIONS ARE CONDUCTED
Chapter VIII: HINDRANCES TO EQUALITY OF RETURNS DUE TO RELATIVE VARIATIONS OF DEMAND IN DIFFERENT OCCUPATIONS AND PLACES
Chapter IX: DIVERGENCES BETWEEN MARGINAL SOCIAL NET PRODUCT AND MARGINAL PRIVATE NET PRODUCT
Chapter X: MARGINAL PRIVATE AND SOCIAL NET PRODUCTS IN RELATION TO INDUSTRIAL FORMS
Chapter XI: INCREASING AND DECREASING SUPPLY PRICE
Chapter XII: STATE REGULATION OF COMPETITIVE PRICES
Chapter XIII: STATE REGULATION OF SUPPLIES
Chapter XIV: THE CONDITIONS OF MONOPOLISATION
Chapter XV: MONOPOLISTIC COMPETITION
Chapter XVI: SIMPLE MONOPOLY
Chapter XVII: DISCRIMINATING MONOPOLY
Chapter XVIII: THE SPECIAL PROBLEM OF RAILWAY RATES
Chapter XIX: PURCHASERS' ASSOCIATIONS
Chapter XX: INTERVENTION BY PUBLIC AUTHORITIES
Chapter XXI: PUBLIC CONTROL OF MONOPOLY
Chapter XXII: PUBLIC OPERATION OF INDUSTRIES
PART III: THE NATIONAL DIVIDEND AND LABOUR
Chapter I: INDUSTRIAL PEACE
Chapter II: THE CLASSIFICATION OF INDUSTRIAL DIFFERENCES
Chapter III: VOLUNTARY ARRANGEMENTS FOR CONCILIATION AND ARBITRATION
Chapter IV: MEDIATION
Chapter V: COERCIVE INTERVENTION
Chapter VI: AN ANALYTICAL VIEW OF INDUSTRIAL PEACE
Chapter VII: HOURS OF LABOUR
Chapter VIII: THE METHODS OF INDUSTRIAL REMUNERATION
Chapter IX: THE DISTRIBUTION OF LABOUR AMONG OCCUPATIONS AND PLACES
Chapter X: EMPLOYMENT EXCHANGES
Chapter XI: UNEMPLOYMENT VERSUS SHORT TIME
Chapter XII: THE PRACTICABILITY OF INTERFERENCE TO RAISE WAGES
Chapter XIII: METHODS OF ENGAGING LABOUR
Chapter XIV: INTERFERENCE TO RAISE WAGES IN PLACES AND OCCUPATIONS WHERE THEY ARE UNFAIR
Chapter XV: FAIR WAGES INSIDE PARTICULAR INDUSTRIES
Chapter XVI: FAIRNESS AS A VARIABLE RELATION
Chapter XVII: INTERFERENCE TO RAISE WAGES IN PLACES AND OCCUPATIONS WHERE THEY ARE ALREADY FAIR
Chapter XVIII: WAGE RATES AND CAPACITY
Chapter XIX: A NATIONAL MINIMUM TIME-WAGE
Chapter XX: FIXED AND FLUCTUATING WAGE RATES IN PARTICULAR INDUSTRIES
PART IV: THE DISTRIBUTION OF THE NATIONAL DIVIDEND
Chapter I: THE GENERAL PROBLEM OF DISHARMONY
Chapter II: PARETO'S LAW
Chapter III: THE SUPPLY OF CAPITAL AND LABOUR
Chapter IV: INVENTIONS AND IMPROVEMENTS
Chapter V: THE MANIPULATION OF WAGES
Chapter VI: RATIONING
Chapter VII: SUBSIDIES TO WAGES
Chapter VIII: DIRECT TRANSFERENCES FROM THE RELATIVELY RICH TO THE RELATIVELY POOR
Chapter IX: THE EFFECT ON THE NATIONAL DIVIDEND OF THE EXPECTATION OF TRANSFERENCES FROM THE RELATIVELY RICH
Chapter X: THE EFFECT ON THE NATIONAL DIVIDEND OF THE EXPECTATION OF TRANSFERENCES TO THE POOR
Chapter XI: BOUNTIES ON THINGS PURCHASED BY THE POOR
Chapter XII: THE EFFECT ON THE NATIONAL DIVIDEND OF THE FACT OF TRANSFERENCE FROM THE RELATIVELY RICH TO THE POOR
Chapter XIII: A NATIONAL MINIMUM STANDARD OF REAL INCOME
APPENDIX I UNCERTAINTY-BEARING AS A FACTOR OF PRODUCTION
APPENDIX II THE MEASUREMENT OF ELASTICITIES OF DEMAND
APPENDIX III A DIAGRAMMATIC AND MATHEMATICAL TREATMENT OF CERTAIN PROBLEMS OF COMPETITION AND MONOPOLY
I NORMAL SUPPLY PRICE
II MANY-FIRM INDUSTRIES
III ONE-FIRM INDUSTRIES
IV THE IDEAL OUTPUT IN A MANY-FIRM INDUSTRY
V THE IDEAL OUTPUT IN A ONE-FIRM INDUSTRY
VI DEMAND PRICE AND MARGINAL DEMAND PRICE
VII SIMPLE MONOPOLY AND MAXIMUM PRICES
VIII SOME PROBLEMS OF DISCRIMINATING MONOPOLY
IX METHODS OF INDUSTRIAL REMUNERATION
X THE MEANING OF EXPLOITATION

The Economics of Welfare

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