Alfred Marshall

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. It brought the ideas of supply and demand, marginal utility, and costs of production into a coherent whole. He is known as one of the founders of neoclassical economics.

Alfred Marshall

Born(1842-07-26)26 July 1842
London, England
Died13 July 1924(1924-07-13) (aged 81)
Cambridge, England, UK
SpouseMary Paley Marshall
Academic career
InstitutionSt John's College, Cambridge
University College, Bristol
Balliol College, Oxford
School or
tradition
Neoclassical economics
Alma materSt John's College, Cambridge
Influences
Contributions
  • Father of microeconomics and welfare economics
  • Founder of neoclassical economics
  • Principles of Economics (1890)
  • Marshallian scissors
  • Internal and external economies
  • Marshall–Lerner condition
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