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- Economics alfred marshall
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Why did Alfred Marshall write the footnotes in his books?
Although Marshall took economics to a more mathematically rigorous level, he did not want mathematics to overshadow economics and thus make economics irrelevant to the layman. Accordingly, Marshall tailored the text of his books to laymen and put the mathematical content in the footnotes and appendices for the professionals.
When did Alfred Marshall write the principles of Economics?
His book, Principles of Economics (1890), was the dominant economic textbook in England for many years. It brings the ideas of supply and demand, marginal utility, and costs of production into a coherent whole.
Why was Alfred Marshall interested in metaphysics and economics?
Metaphysics led Marshall to ethics, specifically a Sidgwickian version of utilitarianism; ethics, in turn, led him to economics, because economics played an essential role in providing the preconditions for the improvement of the working class.
Who was Alfred Marshall and what did he do?
Marshall was regarded as one of the founders of the neoclassical school in economics and the most influential figure in the marginalist tradition of British economics. He dominated economics at Cambridge University almost to his death with many disciples, including A. C. Pigou, the young J. M. Keynes, and D. H. Robertson.
Last Update: Oct 2021