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9780230302709

Equilibrium and Evolution Alfred Marshall and the Marshallians

by
  • ISBN13:

    9780230302709

  • ISBN10:

    023030270X

  • Format: Hardcover
  • Copyright: 2012-01-15
  • Publisher: Palgrave Macmillan

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Supplemental Materials

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Summary

Alfred Marshall has traditionally been listed alongside pioneering 'neoclassical' economists, playing an important role in developing the partial equilibrium comparative statics approach to economic analysis. However, in recent years, Marshall's work has been perceived in a new light; in this volume Neil Hart illuminates the ambiguities within the Principles and Marshall's reconciliation of two modes of thinking, equilibrium economics and cumulative causation. The complexity of the themes running through Marshall's work is also shown to have been fundamentally misunderstood in much subsequent literature, where debates reveal similar limitations to those that Marshall had struggled to overcome. Through the provision of a more rounded treatment of Marshall's work and intellectual and social environment, the author explores the influence and legacy of this eminent economist and his impact on modern economic analysis.

Author Biography

NEIL HARTSchool of Economics, University of New South Wales, Australia.

Table of Contents

Introduction: Competing Assessments of Alfred Marshall
The Development of Marshall's Thought
Marshall's 'Economic Biology'
Marshall's Equilibrium Analysis and the 'Reconciliation Problem'
Sraffa's Critique and 'Marshall's Theory'
Getting Marshall 'Out of the Way'
The Professionalisation of Economics and Marshall's Theory
Increasing Returns and Economic Progress
Epilogue: Marshall, the Marshallians and Modern Economics

Supplemental Materials

What is included with this book?

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