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Who was lfred Marshall & what did he study?
A lfred Marshall was the dominant figure in British economics (itself dominant in world economics) from about 1890 until his death in 1924. His specialty was microeconomics —the study of individual markets and industries, as opposed to the study of the whole economy.
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- Marshall
A lfred Marshall was the dominant figure in British...
- Knut Wicksell
Marshall’s Principles of Economics (1890) was his most important contribution to economic literature. It was distinguished by the introduction of a number of new concepts, such as elasticity of demand, consumer’s surplus, quasirent, and the representative firm—all of which played a major role in the subsequent development of economics.
Alfred Marshall FBA (26 July 1842 – 13 July 1924) was an English economist, and was one of the most influential economists of his time. His book Principles of Economics (1890) was the dominant economic textbook in England for many years.
About this book. Alfred Marshall, Principles of Economics (1890) – Founder of Modern (Neo-classical) Economics. His book Principles of Economics was the dominant textbook in economics for a long time and it is considered to be his seminal work.
Principles of Economics [1] is a leading political economy or economics textbook of Alfred Marshall (1842–1924), first published in 1890. [2] [3] It was the standard text for generations of economics students. Called his magnum opus, [4] it ran to eight editions by 1920. [5] .
- Alfred Marshall
- 1890
Alfred Marshall - The Venerable Grandfather of Economics Contribution to British Heritage. Alfred Marshall, a prominent English economist, left an indelible mark on British heritage through his groundbreaking contributions to the field of economics.
