A.C. Pigou spent his career in the shadow of Marshall and Keynes
and his contributions have seemed small by comparison, but his
influence remains significant. He is regarded by many as the father
of modern public finance and welfare theory, as the way that
economists analyze and justify government intervention in economic
affairs stems from Pigou. Following on from A. C. Pigou's 1903
pamphlet, The Riddle of the Tariff, this book, originally published
in 1906, is a more technical treatment, leaning on the Marshalian
apparatus and coming out against the policy of Imperial preference.
General
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