Realność teorii dobrobytu ekonomicznego Artura-Cecil Pigou
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Date
1972
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Wydział Prawa i Administracji UAM
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Evaluation of A. C. Pigou's Theory of Economic Welfare
Abstract
The theory of economic welfare set up by A. C. Pigou, who holds to private
ownership of means of production and market economy, is confined to postulating
reformistic changes in the functioning system of capitalistic economy. A. P. Pigou
criticizes the monopolistic stage of capitalistic economy but his conclusions are not
consistent with his criticism ofr he postulates economic welfare under the circumstances
of antagonistic contradictions of a capitalistic society. In the monopolistic
stage of capitalism he tries to put into practice the justified postulates of welfare
economics that emphasize material conditions of a reproduction process. They are
reduced to replacing a free market mechanism by a controlled market mechanism
A. C. Pigou does not persist in the thesis of a self-feeding optimization but he finds
most optimization factors in the sphere of circulation. While emphasizing the role
of means of a regulated market mechanism he overestimates the role of intervention
policy measures of a capitalistic state.
In spite of the thesis of the allegedly possible realization of welfare in capitalism
A. C. Pigou's of economic welfare is worth noting for it makes conspicuous
several essential problems that should be solved in socialism as well. The very
fact of socializing means of production does not solve the complex problem of
optimum utilization of productive factors in socialism. It does not solve the best
possible way of satisfying social needs, either.
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Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny 34, 1972, z. 1, s. 103-117
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ISBN
ISSN
0035-9629