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This is the second of a three-volume work constituting a comprehensive, scholarly edition of the correspondence of the English economist, Alfred Marshall (1842-1924), one of the leading figures in the development of economics and the founder of the Cambridge School of Economics. The edition fills a long-standing gap in the history of economic thought with hitherto unpublished material. Students will find it a basic resource for understanding the development of economics and other social sciences in the period since 1870. In particular, it provides much new information about Marshall's views on economic, social and political issues, his struggles to promote the teaching of economics at the University of Cambridge, and his relations with colleagues in Cambridge and elsewhere. Marshall's letters are notable for their frankness and spontaneity.
This book constitutes a supplement to Official Papers of Alfred Marshall on economic advice to British government.
The famous British economist Alfred Marshall (1842 to 1924) contributed significantly to the subject. He thoroughly examined how supply, demand, and prices work in markets, studied how sensitive consumers and firms are to price changes, and explained how markets reach a balance. He also looked at historical and institutional influences on business and economic growth. This book contains four important works by Marshall: "The Economics of Industry" (1879, co-authored with Mary Paley Marshall), "Principles of Economics" (1890), "Industry and Trade" (1919), and "Money, Credit, and Commerce" (1923). These books helped shape the discipline and served as foundational texts for generations of economists and students. "Principles of Economics" was especially influential. However, the texts need updating to be more understandable and relevant for today's readers. This new book aims to keep the core ideas of Marshall's works while making them more concise and clear by modern standards.
Alfred Marshall is one of the most important figures in the history of economics. Drawing on a very wide range of sources, this is the first collection that documents a comprehensive range of material from Marshall's lifetime.
"A Royal Economic Society publication." Includes bibliographical references and index.
First published in 1987, Alfred Marshall: Progress and Politics provides an enlightening insight into Marshall's thoughts on social improvement, adaptive upgrading, policy and polity. He planned books on these subjects which he never subsequently wrote, but the thesis of this work is that a close study of such writings as Marshall did complete makes possible a very detailed reconstruction of the important contribution which Marshall was capable of making to Victorian evolutionary thought (much in the shadow of Darwin and Spencer). In the ongoing debate on the political element in political economy, he reveals himself to have been as much an eclectic as was Adam Smith and as much a man of commitment as was T. H. Green.
This succinct overview of Marshall's life and work as an economist sets his major economic contributions in perspective, by looking at his education, his travel, his teaching at Cambridge, Oxford and Bristol, his policy views as presented to government inquiries and his political and social opinions.
This book shows how Marshall's distinctive contributions to modern economics grew out of his early development of a neo-Hegelian social philosophy.