Economics of Alfred Marshall (Routledge Revivals)

<p>First published in 1986 <em>The Economics of Alfred Marshall</em> is concerned with the theories of demand supply market structure and income distribution which the celebrated author of the <em>Principles of Economics</em> developed while standing on the shoulders of giants. It is thus concerned with hidden assumptions institutional constraints tentative conclusions and blurred distinctions; for these are an integral part of the contribution of an economist who warned against spurious over-simplification of that which is inherently complex.</p><p>The economics of Alfred Marshall appears easy when in fact it is fraught with difficulties. <em>The Economics of Alfred Marshall</em> seeks to explain Marshall’s theories in detail and to evaluate them in depth. The book attempts in that way to help the reader to gain a deeper understanding of an influential thinker whose insights however difficult continue to shed a great deal of light on the nature and workings of the economic system.</p>