Alfred Marshall

Alfred Marshall, 1842–1924, English economist. At Cambridge, where he taught from 1885 to 1908, he exerted great influence on the development of economic thought of the time; one of his students was John Maynard Keynes. He systematized the classical economic theories and made new analyses in the same manner, thus laying the foundation of the neoclassical school of economics. He was concerned with theories of costs, value, and distribution and developed a concept of marginal utility. His Principles of Economics (1890) was for years the standard work and is still widely read. Among his other works are Industry and Trade (1919) and Money, Credit, and Commerce (1923).

See A. C. Pigou, ed., Memorials of Alfred Marshall (1925, repr. 1966). What I Remember (1947), by M. P. Marshall, his wife, has some biographical material on him. See studies by H. J. Davenport (1935, repr. 1965) and C. Kerr (1969).

The Columbia Encyclopedia, 6th ed. Copyright© 2014, The Columbia University Press.

Selected full-text books and articles on this topic

The Economics of Alfred Marshall
H. J. Davenport.
Cornell University Press, 1935
Alfred Marshall and Current Thought
A. C. Pigou.
MacMillan, 1953
Memorials of Alfred Marshall
A. C. Pigou; Alfred Marshall.
MacMillan, 1925
Official Papers
Alfred Marshall; John Maynard Keynes; Royal Economic Society (Great Britain).
Macmillan and Co., Limited, 1926
Principles of Economics
C. W. Guillebaud; Alfred Marshall.
Macmillan for the Royal Economic Society, vol.2, 1961
Schools and Streams of Economic Thought
Edmund Whittaker.
Rand McNally, 1960
Librarian’s tip: "Marshall" begins on p. 283
Theorists of Economic Growth from David Hume to the Present: With a Perspective on the Next Century
W. W. Rostow; Michael Kennedy.
Oxford University Press, 1990
Librarian’s tip: Chap. 6 "Alfred Marshall (1842-1924)"
The Development of Economic Thought: Great Economists in Perspective
Henry William Spiegel.
John Wiley & Sons, 1952
Librarian’s tip: "Marshall on Ricardo" begins on p. 173 and "Viner on Marshall" begins on p. 718
The End of the Keynesian Era: Essays on the Disintegration of the Keynesian Political Economy
Robert Skidelsky.
Holmes & Meier, 1977
Librarian’s tip: Chap. 2 "Keynes and Cambridge"
Marshall's Dilemma: Equilibrium versus Evolution
Hart, Neil.
Journal of Economic Issues, Vol. 37, No. 4, December 2003
The Struggle over the Soul of Economics: Institutionalist and Neoclassical Economists in America between the Wars
Yuval P. Yonay.
Princeton University Press, 1998
Librarian’s tip: "The Economics of Marshall and His Students" begins on p. 30
The Economic Mind in America: Essays in the History of American Economics
Malcolm Rutherford.
Routledge, 1998
Librarian’s tip: Chap. 12 "Marshall, Veblen, and the Search for an Evolutionary Economics"
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