Pigou sayings
Here are some famous sayings by the economist Arthur Cecil Pigou:
1. "The whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence: The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups."
2. "If a man marries his housekeeper or his cook, the efficiency of the domestic service is likely to be impaired."
3. "The more elastic the supply of a factor, the smaller will be the share of the product received by that factor."
4. "The greater the elasticity of demand, the larger the proportion of a tax that will be paid by the consumer."
5. "The more nearly perfect a market is, the stronger is the tendency for the same price to be paid for the same kind of work, no matter who is the employer."
These sayings reflect Pigou's views on economic principles, market dynamics, and the impact of policies on different groups in society.
Above is Pigou sayings.
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