This type of tax is called a Pigovian tax, after economist Arthur Pigou.

" The term " human capital " was not used due to its negative undertones until it was first discussed by Arthur Cecil Pigou: " There is such a thing as investment in human capital as well as investment in material capital.

To confront parties with the issue, the economist Arthur Pigou proposed taxing the goods ( in this case hydrocarbon fuels ) which were the source of the negative externality ( carbon dioxide ) so as to accurately reflect the cost of the goods ' production to society, thereby internalizing the costs associated with the goods ' production.

Nobel-laureate William Vickrey then built on the ideas of the economist Arthur Pigou, outlining a theoretical case for road pricing in a major work on the subject of 1955 proposing in 1959 that drivers should be charged by electronic means for use of busy urban roads.

# REDIRECT Arthur Cecil Pigou

Contradicting this view, Arthur Cecil Pigou – a self-proclaimed follower of Say's law – wrote a letter in 1932 signed by five other economists ( among them Keynes ) calling for more public spending to alleviate high levels of unemployment.

Notwithstanding these restrictive assumptions, the equivalence version helps to underscore the Pigouvian fallacies the work of Arthur C. Pigou that motivated Coase.

# REDIRECT Arthur Cecil Pigou

Pigovian taxes are named after economist Arthur Pigou who also developed the concept of economic externalities.

In 1920, British economist Arthur C. Pigou wrote The Economics of Welfare ..

Arthur Pigou said in " It must be confessed, however, that we seldom know enough to decide in what fields and to what extent the State, on account of gaps between private and public costs could interfere with individual choice.

Don Patinkin and Lloyd Metzler specified the existence of a " Pigou effect ," named after English economist Arthur Cecil Pigou, in which the stock of real money balances is an element of the aggregate demand function for goods, so that the money stock would directly affect the " investment saving " curve in an IS / LM analysis, and monetary policy would thus be able to stimulate the economy even during the existence of a liquidity trap.

* Arthur Cecil Pigou ( 1908 )

# REDIRECT Arthur Cecil Pigou

* Arthur Cecil Pigou ( 1877 – 1959 ), economist and mountaineer

Wealth was defined by Arthur Cecil Pigou as the sum of the money supply and government bonds divided by the price level.

The Pigou effect was first popularised by Arthur Cecil Pigou in 1943, in The Classical Stationary State ( an eight page Economic Journal article ).

Note: The surname Pigou forms part of the terms Pigou Club and Pigouvian tax, both derived from the name of the English economist Arthur Cecil Pigou.

* Arthur Cecil Pigou ( 1877-1959 ), English economist

* Major-General Arthur Comyn Pigou ( 1826-1903 )

At that time Jennings had a young law associate named Arthur S. Phillips.

Old man Arthur had put down the suitcase to open the front door.

Young Mrs. Arthur had opened the oven and there was a drifting odor of hot biscuits.

The King Arthur had fifty-four overnighters, again counting rooms rather than people.

Well, a man had tried, at the King Arthur, to register with an ocelot.

At the King Arthur one guest had had his head heavily bandaged, and another had a bandaged foot and had walked with crutches.

Arthur Williams had to be located, they agreed.

If Arthur Williams was involved in the fraud or the murder, then he too had another identity.

In 2005, owner Arthur Blank's $ 10 million investment in the facility's upgrade gave the players a more relaxing environment and, introduced its players to a training-camp style unlike few in the NFL had seen before.

Arthur Schwartz and Howard Dietz first tried, and then Richard Rodgers and Oscar Hammerstein II attempted, but gave up and Hammerstein told Lerner " Pygmalion had no subplot ".

The first was probably the cycle A Shropshire Lad set by Arthur Somervell in 1904, who had begun to develop the concept of the English song-cycle in his version of Tennyson's Maud a little previously.

Older systems ( e. g., Arthur Cronquist's ) placed them into the Capparales, a now-defunct order that had a similar definition.

Arthur Schopenhauer's philosophy had some parallels in Buddhism.

When he had returned to Paramount a few months later, " Matchbox Blues " had already become such a hit that Paramount re-recorded and released two new versions, under producer Arthur Laibly.

Attlee supported Churchill in his continuation of Britain's resistance after the French capitulation in 1940, and proved a loyal ally to Churchill throughout the conflict ; when the war cabinet had voted on whether to negotiate peace terms, Attlee ( along with fellow Labour minister Arthur Greenwood ) voted in favour of fighting, giving Churchill the majority he needed to continue the war.

Coolidge's grandmother Sarah Almeda Brewer had two famous first cousins: Arthur Brown, a United States Senator, and Olympia Brown, a women's suffragist.

The Reverend William Arthur Phillips of the Nyasa Industrial Mission in Blantyre had established a Baptist mission there in 1905, serving an area of and 50, 000 souls.

Before the publication of Villette, Charlotte received a proposal of marriage from Arthur Bell Nicholls, her father's curate who had long been in love with her.

John Jaques apparently claimed in a letter to Arthur Lillie in 1873 that he had himself seen the game played in Ireland and, " I made the implements and published directions ( such as they were ) before Mr Spratt above introduced the subject to me ".

The pictures came to the attention of writer Sir Arthur Conan Doyle, who used them to illustrate an article on fairies he had been commissioned to write for the Christmas 1920 edition of The Strand Magazine.

Elsie's father, Arthur, was a keen amateur photographer, and had set up his own darkroom.