Alfred Marshall

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Marshall, Alfred


Born July 26, 1842, in London; died July 13, 1924, in Cambridge. English economist, professor of political economy at Cambridge University (1885-1908).

Marshall founded the Cambridge School of vulgar political economy. He considered himself a successor of D. Ricardo and interpreted his teachings in a subjective and psychological spirit. Marshall eclectically combined already established vulgar theories of the costs of production, demand and supply, productivity, and abstention with the theories of marginal utility and marginal productivity that had become widespread in the late 19th century. Marshall tried to extend the teachings of C. Darwin to the field of social relations. Under the influence of H. Spencer, he viewed evolution as the only form of social development and propagated the false idea of the smooth development of the capitalist economy. In his research Marshall used mathematical and graphic methods of analysis. Marshall’s views had a great influence on the development of bourgeois economic thought and are important in modern bourgeois economic science.


The Pure Theory of Foreign Trade and the Pure Theory of Domestic Values. London, 1879.
The Economics of Industry. London, 1889.
Principles of Economics. London, 1890.
Elements of Economics. London, 1892.
Industry and Trade. London, 1919.
Money, Credit and Commerce. London, 1923.
References in periodicals archive ?
The classical economist, Alfred Marshall wrote that, ".
He was predeceased by his father Alfred Marshall in 2008 and a sister-in-law Mary Marshall.
It extends the empirical tradition of industry and regional studies pioneered by Alfred Marshall, rather than the neoclassical aspect of Marshall's work on which mainstream economists have focused.
Alfred Marshall, on this as in on so many other issues, was an eclectic tangle of confusions and inconsistencies, varying in his editions of his Principles (1st ed.
Opening chapters examine the role of knowledge in economics history, revisiting ideas from Vilfredo Pareto, Alfred Marshall, Carl Menger, Friedrich von Wieser, Kenneth Boulding, Friedrich von Hayek, and Herbert Simon, among others.
The book develops the line of research that inspired The Elgar Companion to Alfred Marshall and found expression in the part devoted to Marshall in the recent Marshall and Schumpeter on Evolution [Shionoya and Nishizawa 2008].
The text advances chapter by chapter across a timeline, with similar examinations of the work of more or less well-known economists from Karl Marx to William Stanley Jevons, from Alfred Marshall to Vilfredo Pareto, and from John Maynard Keynes to Ragnar Frisch, to cover the major economists, the schools of thought, and the theories.
Only Alfred Marshall of the British economic school makes an appearance on her stage.
The idea of an inflation-proof unit of account is not itself a novel idea - the grand old man of English economics, Alfred Marshall, suggested it more than a century ago, and in Chile it actually exists.
Similarly, Alfred Marshall demonstrated supply and demand concepts through his retelling of the "cotton famine" of 1860s England (Marshall, 1920, pp.
Alfred Marshall (1842-1924) is a name which comes to mind here.
In capitalism as envisioned by its leading lights, including Adam Smith and Alfred Marshall, you need a moral foundation in order for free markets to work.