Introduction: Alfred Marshall, a Giant Among Economists

Peter Groenewegen
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Peter Groenewegen: University of Sydney

Chapter 1 in Alfred Marshall, 2007, pp 1-15 from Palgrave Macmillan

Abstract: Abstract ‘It is probably well within the truth to assert that the authority of Marshall has been for several decades, and still remains, supreme among the economists of the English speaking world’ (Davenport 1935, p. 1). Such praise begins Henry Davenport’s 1935 book, The Economics of Alfred Marshall, despite his highly critical attitude to Marshallian economics. Sixty years later, Milton Friedman, a great admirer of Marshall’s microeconomics, argued that Marshall’s great book, Principles of Economics, ‘dominated the teaching of price theory…until well into the twentieth century’ (Friedman 1996, 2004, p. 139).

Keywords: Price Theory; Perfect Competition; Book Versus; Offer Curve; Business Credit (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:gtechp:978-0-230-59306-0_1

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DOI: 10.1057/9780230593060_1

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