A STUDY IN PUBLIC FINANCE by A. C. PIGOU, M.A. PROFESSOR OF
POLITICAL ECONOMY IN THE UNIVERSITY OF CAMBRIDGE, AUTHOR OF THE
ECONOMICS OF WELFARE, EMPLOYMENT AND EQUILIBRIUMf, ETO. IN 1921
published a book entitled The Political Economy of War, containing
several chapters on War Finance, In 1928 and 1929, when the first
and second editions of the present work were in preparation, The
Political Economy of War was out of print and it, therefore, seemed
appropriate to include the substance of those chapters here. At the
outbreak of the present war a revised version of The Political
Economy of War was called for and those discussions had, of course,
to go into it. For this reason I am not including them in the
present new edition of Public Finance, and there is not, I think,
now any important overlap between the two books. The chapters on
the Aftermath of Fiince by Bank Credits and on War Debt and a
Special Levy, which are out of date, are also omitted. The very
thorough study, The Taxation of War Wealth, by Professor and Mrs.
Hicks and Dr, Rbstas, has removed any reason there might otherwise
have been for re writing the latter of these chapters. Portions of
Part I are rearranged and modified. In Part II on Tax Revenue three
new Chapters XIXXXI, based on an article contributed to the
Economic Journal of December 1932, have been added, while
substantial alterations and, I hope, improvements have been made in
some other chapters, particularly Chapters IX and the present XXIL
The brief Part III on Public Finance in relation to unemployment
policy is new. Professor D. H. Robertson has very kindly read
through the typescript of it, though he has, of course, no
responsibility for what is said.Keywords: Political Economy Study
In Public Finance War Finance Economics University Of Cambridge War
Debt Eto New Edition Two Books Outbreak Aftermath Taxation Welfare
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