Alfred Marshall was a British economist whose 1890 Principles of Economics unified the independent marginalist work of William Stanley Jevons, Leon Walras and Carl Menger into the supply-and-demand, marginal-utility framework that became neoclassical economics. Holding the chair of political economy at Cambridge from 1885, he trained a generation of British economists, including John Maynard Keynes, and popularized tools, consumer surplus, price elasticity, the representative firm, still taught as introductory economics more than a century later.
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Alfred Marshall
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Associated With School
Marshall built the Cambridge economics tripos from the 1880s and his own supply-and-demand marginalist synthesis defined the school's early character.
Source Wikipedia
Source Principles of EconomicsAlfred Marshall
Concepts Originated
Source Principles of EconomicsAlfred Marshall
Marshall's Principles of Economics (1890) gave the concept its classic formal treatment, distinguishing internal from external economies of scale.
Source Principles of EconomicsAlfred Marshall
Source Principles of EconomicsAlfred Marshall
Influenced
Additional Source WikipediaJohn Maynard Keynes, "Early life and education" section
In the Other Atlases
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1. Principles of Economics
Alfred Marshall, Macmillan, 1890Concepts Originated: Consumer Surplus, Book III, Chapter VIQuote, Concepts Originated: Consumer Surplus, Book III, Chapter VI
Marshall popularized consumer surplus in his Principles of Economics, building on the engineer Jules Dupuit's earlier work.
2. Wikipedia
Wikimedia FoundationAssociated With School: Cambridge School, Cambridge capital controversy, The two Cambridges
The English Cambridge side concentrated on adjustments to the saving ratio through changes in the distribution of income between wages and profits.
Influenced: John Maynard Keynes, John Maynard Keynes, "Early life and education" section
Alfred Marshall begged Keynes to become an economist
View the Source Alfred Marshall (Wikipedia)
Lead section, birth date
(26 July 1842
Lead section
Alfred Marshall (26 July 1842 - 13 July 1924) was an English economist and one of the most influential economists of his time.
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