Question

This economist wrote that the case for government intervention “cannot become more than a prima facie one” until agencies “intervene advantageously,” presaging public choice arguments. John Maynard Keynes argued against a work by this economist, whose title Theory of Unemployment is frictional or voluntary. A phenomenon named for this economist, in which consumption rises because deflation increases real wealth, is also called the “real balance effect.” (10[1])The optimal value of a policy named for this economist occurs when marginal social cost intersects marginal social benefit. This Cambridge economist names a policy used to correct outcomes (10[1])from water pollution (10[1])and carbon emissions. (10[1])For 10 points, name this economist whose namesake taxes (10[2])mitigate negative externalities. (10[1])■END■ (0[1])

ANSWER: A. C. Pigou (“PIG-oo”) [or Arthur Cecil Pigou; accept Pigou effect; accept Pigouvian taxes]
<Waterloo B, Social Science>
= Average correct buzz position

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Buzzes

PlayerTeamOpponentBuzz PositionValue
Andrei HuiCambridge BOxford C6510
Agnijo BanerjeeCambridge AImperial A9410
Linus LuuCambridge DOxford A9710
Andy HuffLSESouthampton A10010
Joseph CollinsImperial BBristol10910
Elliot CosnettOxford BCambridge C10910
Michael WuSouthampton BCambridge E11210
Jacob Hardin-BernhardtNYU CWarwick A1130

Summary

California2025-02-01Y3100%0%0%99.33
Florida2025-02-01Y1100%0%0%100.00
Great Lakes2025-02-01Y5100%0%0%86.00
Midwest2025-02-01Y6100%0%33%94.50
North2025-02-01Y367%0%0%98.00
Northeast2025-02-01Y560%0%20%97.33
Overflow2025-02-01Y560%0%60%94.00
South Central2025-02-01Y2100%0%50%97.50
Southeast2025-02-01Y475%0%50%102.33
UK2025-02-01Y888%0%0%98.00
Upper Mid-Atlantic2025-02-01Y863%0%38%103.00
Upstate NY2025-02-01Y3100%0%0%84.33