David Hutchison Macgregor (1877–1953)

Lowell Jacobsen ()
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Lowell Jacobsen: Baker University

Chapter 12 in The Palgrave Companion to Oxford Economics, 2021, pp 283-307 from Springer

Abstract: Abstract David Hutchison Macgregor was a member of the pantheon of British economists during the first half of the twentieth century. During that time, he was Oxford’s Drummond Professor of Political Economy for more than two decades. As a protégé of Alfred Marshall, he advanced Marshall’s industrial economics, particularly with his 1906 masterpiece, Industrial Combination. This volume examined ‘vast enterprises’, including trusts and cartels, a subject which Marshall admittedly struggled with in his Principles. Though Keynes and Pigou were Marshall’s most famous students, Macgregor was certainly one of his favourites as well as being amongst the most accomplished.

Keywords: Macgregor; Marshall; Industrial economics; Industrial Combination; Representative firm; Trusts; Monopoly power; Competitive advantage (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/978-3-030-58471-9_12

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