 Increasing Returns and Competition: Learning from a Marshallian PerspectiveMichel Quéré Chapter 10 in The Economics of Alfred Marshall, 2003, pp 182-201 from Palgrave Macmillan Abstract: Abstract Two main comments are usually addressed when discussing Marshall’s economic analysis. The first is the ability to reconcile equilibrium and evolution as perfectly summed up by Shackle: ‘Marshall’s peculiar triumph is his creation of a unity out of the conceptions of equilibrium and evolution’ (1965, quoted from Hart 1996: 365); the second is the lack of clarity in some Marshallian arguments. As pointed out by Groenewegen (1995: 480), this latter criticism was made by Marshall’s contemporaries. The starting point for this contribution is the statement that both comments are very unsatisfactory, and even misleading. We do not share those criticisms and argue that the Marshallian unity of thinking remains superficial rather than effective; consequently, the lack of clarity and the ambiguous character of some Marshallian developments demonstrate the existence of analytical problems in the Marshallian economic framework as a whole, at least as expressed within the Principles. Keywords: Economic Phenomenon; External Economy; Perfect Competition; Free Competition; Representative Firm (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59963-5_10 Ordering information: This item can be ordered from DOI: 10.1007/978-0-230-59963-5_10 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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