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Alfred Marshall and the Concept of Class

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  • Patrik Aspers

Abstract

The purpose of this article is to analyze Alfred Marshall's concept of class. Marshall's concept of class is not well‐studied. His idea of class is different from what Weber and Marx have proposed. In contrast to many other economists, he has a discussion of class that is developed. It is shown that Marshall sees classes as made up of people whose work offers similar chances of developing their higher faculties. An integrated idea is that different class positions are associated with different discount rates of future outcomes. Marshall's class theory combines physical and mental components.

Suggested Citation

  • Patrik Aspers, 2010. "Alfred Marshall and the Concept of Class," American Journal of Economics and Sociology, Wiley Blackwell, vol. 69(1), pages 151-165, January.
    • Handle: RePEc:bla:ajecsc:v:69:y:2010:i:1:p:151-165
    DOI: 10.1111/j.1536-7150.2009.00700.x
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    References listed on IDEAS

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    1. Patrik Aspers, 2007. "Theory, Reality, and Performativity in Markets," American Journal of Economics and Sociology, Wiley Blackwell, vol. 66(2), pages 379-398, April.
    2. John Dennis Chasse, 1984. "Marshall, the Human Agent and Economic Growth: Wants and Activities Revisited," History of Political Economy, Duke University Press, vol. 16(3), pages 381-404, Fall.
    3. Patrik Aspers, 2001. "Crossing the Boundary of Economics and Sociology: The Case of Vilfredo Pareto," American Journal of Economics and Sociology, Wiley Blackwell, vol. 60(2), pages 519-545, April.
    4. Marshall, Alfred, 1920. "Industry and Trade," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, edition 3, number marshall1920.
    5. Peter Groenewegen, 1995. "A SOARING EAGLE: Alfred Marshall 1842–1924," Books, Edward Elgar Publishing, number 193.
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