The Evolution of the Principles

David Reisman

Chapter 6 in Alfred Marshall’s Mission, 1990, pp 106-173 from Palgrave Macmillan

Abstract: Abstract Marshall began seriously to study economic theory in 1867 (when he was 23) and turned, naturally, to the as-yet-unchallenged classics of Smith, Ricardo and, of course, John Stuart Mill. As he later recollected: I read Mill’s Political Economy in 1866 or ’7, while I was teaching advanced mathematics; and, as I thought much more easily in mathematics at that time than in English, I tried to translate him into mathematics before forming an opinion as to the validity of his work. I found much amiss in his analysis, and especially in two matters. He did not seem to have assimilated the notion of gradual growth by imperceptible increments; and he did not seem to have a sufficient responsibility…. for keeping the number of his equations equal to the number of his variables, neither more nor less.1

Keywords: Marginal Utility; Perfect Competition; Book Versus; Utility Curve; Differential Rent (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11542-6_6

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DOI: 10.1007/978-1-349-11542-6_6

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