Marshall’s economics of work: a reassessment

David A Spencer

Cambridge Journal of Economics, 2025, vol. 49, issue 3, 505-525

Abstract: This article reassesses some key aspects of Alfred Marshall’s economics of work, showing their value, limitations and enduring relevance for modern economic enquiry. It establishes that, for Marshall, work mattered not just because of the income it gave to workers, but also because of the kind of lives that it enabled workers to lead. Based on a wide conception of work, Marshall supported the reform of work, including the reduction of working hours, in order to improve workers’ quality of life. The article argues that some of Marshall’s core ideas on work and work reform can offer help in rethinking how modern economics conceptualises work and how it approaches issues of progress in workers’ well-being.

Keywords: Alfred Marshall; Work; Work reform; Working time; Working classes; Capitalism (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1093/cje/beaf008 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:cambje:v:49:y:2025:i:3:p:505-525.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().