Question

A. C. Pigou published his book _________

• A. An Enquiry into the Nature and Cause of the Wealth of Nations
• B. The Economics of Welfare
• C. Principles of Economics
• D. An Enquiry into Principles of Economics

Answer 1

The correct option is B The Economics of Welfare

In The Economics of Welfare, originally published in 1920, Pigou reconceptualized economics as a science of economic welfare, in the course of which he developed the first systematic theory of market failures. Hence we can say that the book is published by Pigou whose name is ‘Economics of Welfare’.