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Question
__________ defined economics as a "study of Economic welfare which is that part of social welfare that can be brought directly or indirectly into relation with the measuring rod of money".
__________ defined economics as a "study of Economic welfare which is that part of social welfare that can be brought directly or indirectly into relation with the measuring rod of money".
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Solution
The correct option is A A C Pigou
AC Pigou defined economics as
a "study of Economic welfare which is that part of social welfare that can
be brought directly or indirectly into relation with the measuring rod of
money". He gave more importance to the study of man than to wealth.
Thus it focused more on human welfare and social science.
AC Pigou defined economics as a "study of Economic welfare which is that part of social welfare that can be brought directly or indirectly into relation with the measuring rod of money". He gave more importance to the study of man than to wealth. Thus it focused more on human welfare and social science.
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