Alfred Marshall
Author
Language
English
Description
Published in 1890 after nearly ten years of research, this magisterial opus, intended to offer a kind of Grand Unified Theory of Economics for its time-a planned second volume never appeared-was immensely influential due to its innovative treatment of such concepts as elasticity of demand, consumer surplus, and marginal utility.
Author
Language
English
Description
"Principles" achieved worldwide reputation, becoming the most dominant economic textbook in England for many years. It positively shaped the teaching of economics in English-speaking countries. The main technical contribution was the masterful analysis of the issues of consumer surplus, increasing and diminishing returns, short and long terms, and elasticity. It brings the ideas of supply and demand, costs of production, and marginal utility into...