Realność teorii dobrobytu ekonomicznego Artura-Cecil Pigou

Abstract

The theory of economic welfare set up by A. C. Pigou, who holds to private ownership of means of production and market economy, is confined to postulating reformistic changes in the functioning system of capitalistic economy. A. P. Pigou criticizes the monopolistic stage of capitalistic economy but his conclusions are not consistent with his criticism ofr he postulates economic welfare under the circumstances of antagonistic contradictions of a capitalistic society. In the monopolistic stage of capitalism he tries to put into practice the justified postulates of welfare economics that emphasize material conditions of a reproduction process. They are reduced to replacing a free market mechanism by a controlled market mechanism A. C. Pigou does not persist in the thesis of a self-feeding optimization but he finds most optimization factors in the sphere of circulation. While emphasizing the role of means of a regulated market mechanism he overestimates the role of intervention policy measures of a capitalistic state. In spite of the thesis of the allegedly possible realization of welfare in capitalism A. C. Pigou's of economic welfare is worth noting for it makes conspicuous several essential problems that should be solved in socialism as well. The very fact of socializing means of production does not solve the complex problem of optimum utilization of productive factors in socialism. It does not solve the best possible way of satisfying social needs, either.