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Alfred Marshall

File:Alfred_Marshall_1891.jpg · Wikimedia Commons · See Wikimedia Commons

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Alfred Marshall

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British economist (1842–1924)

AI overview

Alfred Marshall was a British economist who lived from 1842 to 1924 and became one of the most influential economic thinkers of his era. His work fundamentally shaped how economics is studied and understood, making him a central figure in the development of modern economic theory.

AI-generated from the Wikipedia summary — may contain errors.

Person · Open Library

Born
1868-05-07
Died
1941-04-14
Works
28

Top works

  • The Alhambra
  • How to study fiction
  • Notes for teachers using Hitchcock's high school English book
  • Composition and Rhetoric
  • Journeys in fiction

via Open Library + Wikidata

Music · MusicBrainz

Type
Person
Country
DE
Active from
1938-02-03
Active to
2023-02-16

via MusicBrainz · CC0

Listeners · Last.fm

Listeners
43
Total plays
314

Alfred Marshall (born 26 July 1842 in Bermondsey, London, England, died 13 July 1924 in Cambridge, England) was an English economist and one of the most influential economists of his time. His book, Principles of Economics (1890), brings the ideas of supply and demand, of marginal utility and of the costs of production into a coherent whole. It became the dominant economic textbook in England for a long period. <a href="https://www.last.fm/music/Alfred+Marshall">Read more on Last.fm</a>

via Last.fm · Alfred Marshall

Quotes

  • I am myself an uncompromising anti-Jingoe, a peace-at-almost-any-price man. Chamberlain is the only Unionist public man whom I have ever thoroughly distrusted. Excepting Napoleon, I believe that England's true greatness has had no such dangerous enemy since Lord North. When a radical, he delighted to dish his colleagues even more than to flout his opponents. He is now engaged in dishing his new colleagues and flouting his old friends.
  • Political Economy or Economics is a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of wellbeing.
  • The increment of the commodity which he is only just induced to acquire (whether by... direct labor or by purchase) may be called its Marginal Increment; because he is on the margin of doubt whether it is worth his while to incur the outlay required to obtain it. And the benefit-giving power, or Utility, of that increment to him may be called the Marginal Utility of the commodity to him.
  • And thus the law may be worded:—The of a commodity to anyone diminishes with every increase in the amount of it he already has.

via Wikiquote · CC BY-SA

~20 min read

Encyclopedic overview

Alfred Marshall (26 July 1842 – 13 July 1924) was an English economist and one of the most influential economists of his time. His book Principles of Economics (1890) was the dominant economic textbook in England for many years, and brought the ideas of supply and demand, marginal utility, and costs of production into a coherent whole, popularizing the modern neoclassical approach which dominates microeconomics to this day. As a result, he is known as the father of scientific economics.

Early life

Excerpted from Wikipedia’s “Alfred Marshall” article, available under the CC BY-SA 4.0 licence.

Gallery (4)