Impact On Economics
Followers in the neoclassical tradition, such as William Beveridge and Arthur Pigou have continued to define economics in terms of material welfare. According to Pigou, "the range of enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rod of money".
Read more about this topic: Welfare Definition Of Economics
Famous quotes containing the words impact on, impact and/or economics:
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