Answer to Question #292760 in Microeconomics for Sheetu

Question

Who has written the Economic of Welfare?

Answer 1

History of Economic Welfare

Credit on the work Economic of Welfare, is nonetheless to be attributed with Arthur Cecil Pigou, an English Economist, student and successor to Alfred Marshal. There exists talks however, claiming that Gossen formulated the framework behind the welfare function, making Cecil Pigou just a major representative of the work. However, there is not sufficient documentation in published work to ascertain the same, leaving Cecil Pigou as the pioneer behind the Economic welfare. (McDonald, 2018)

Reference.

McDonald, J. F. (2018). The First Serious Optimist: AC Pigou and the Birth of Welfare Economics. https://www.jstor.org/stable/26494243