Question

Which among the following is NOT a correct statement?
(A) Welfare economics is based on value judgements.
(B) Welfare economics is also called 'economics with a heart'.
(C) Welfare economics focuses on questions about equity as well as efficiency.
(D) The founder of Welfare economics was Alfred Marshall.​

Answer 1

Answer:

D The founder of welfare economics

Explanation:

Arthur Cecil Pigou succeeded Prof. Marshall as the Professor of Economics at the University of Cambridge. After Marshall, he became the leading neo classical economist. He is the founder of “Welfare Economics” His leading ideas on welfare economics are found in his “Economics of Welfare” (1920).