Richard Kahn: his welfare economics and lifetime achievement.
Part of a special issue on economist Richard Kahn. Kahn's primary contribution to welfare economics was his 1935 Economic Journal paper, “Some notes on ideal output.” The economist A. C. Pigou had argued previously that industries enjoying relatively intense external economies should be subsidized...
| Publicado en: | Cambridge Journal of Economics Vol. 18; pp. 55 - 73 |
|---|---|
| Autor principal: | |
| Formato: | Artículo |
| Publicado: |
Oxford University Press / UK
February 1994
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | Part of a special issue on economist Richard Kahn. Kahn's primary contribution to welfare economics was his 1935 Economic Journal paper, “Some notes on ideal output.” The economist A. C. Pigou had argued previously that industries enjoying relatively intense external economies should be subsidized to expand outputs at the expense of contractionary taxes levied on industries with more than average external diseconomies. Kahn supplemented Pigou's externality reason for interfering with laissez-faire with a new reason based upon various degrees of monopoly imperfection. Kahn's originality is at least the equal of that of John Maynard Keynes. In addition, simple income analysis of price-quantity determination is as much the innovative creation of Kahn as of Keynes. |
|---|