Alfred Marshall, in his discussion of supply and demand and a money-based theory of utility, was also skeptical of mechanical explanations of economic change.
The economist was
Alfred Marshall. His basic point con-cerned the reasons why companies in the same industry congregate together.
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Alfred Marshall, Principles of Economics, 8th ed.
The nineteenth century economist
Alfred Marshall observed that the cliff effect extends further over time as the price differentials become more known.
Others, in effect, used marriage as an effective means for getting under the Cambridge defenses: Eleanor Sidgwick, the wife of Professor Henry Sidgwick, Fellow of Trinity College; Mary Marshall, wife of
Alfred Marshall, the noted economist; and Nora Chadwick, who married Professor Hector Chadwick.
Consisting of four biographical essays about
Alfred Marshall, a "great economist and flawed human being," Coase shows his keen interest in historical accuracy in setting the record straight on Marshall as depicted in such sources as the Collected Writings of John Maynard Keynes.
Frank and Cook admit that "the widening gap between winners and losers is apparently not new," and they quote the British economist
Alfred Marshall, writing in 1890: "There never was a time at which moderately good oil paintings sold more cheaply than now, and there never was a time at which first-rate paintings sold so dearly." Markets have always rewarded the best with a premium.
The "neoclassical synthesis" of
Alfred Marshall and his disciples is the starting point of libertarian policy belief and dominates the American economic debate today.
For instance the work of
Alfred Marshall is fraught with ethical considerations.
Lazonick is strongly influenced by his own work in economic history, which in turn has been guided by the ideas of Karl Marx,
Alfred Marshall (aspects largely neglected by neoclassical price theory), Schumpeter, David Landes, Alfred D.
He argues that Keynes was influenced by the economic theories of
Alfred Marshall. Acknowledging that this is all well known, Cristiano claims that his book does 'innovate' in several ways, for example, by showing that 'Keynes's early political thought was more complex than suggested by any ready-made formula' (p.
Economics scholars from across the globe discuss the nineteenth-century background; the ideas of Adam Smith, Adolph Lowe, Karl Marx, Francois Quesnay,
Alfred Marshall, John Maynard Keynes, and other thinkers; and topics such as option-pricing theory, the history of the field, the critical economic systems approach, the sociology of economic knowledge, Say's Law, class and monopoly, productivity growth and inflation, and the lives and contributions of some of the Nobel Laureates to the field.