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The Mecca of Alfred Marshall

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Author Info
Hodgson, Geoffrey M

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Abstract

Alfred Marshall is often quoted for his statement that "the Mecca of the economist lies in economic biology" and he is seen as a father of evolutionary economics. However, the limited character of his evolutionary theory, and its close resemblance to t he ideas of Herbert Spencer, are sometimes misunderstood or ignored. Th e argument in this paper is that Marshall saw the value of the biologi cal metaphor for economics but in part the Spencerian influence thwarted the development of an adequate evolutionary analysis. Copyright 1993 by Royal Economic Society.

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Publisher Info
Article provided by Royal Economic Society in its journal The Economic Journal.

Volume (Year): 103 (1993)
Issue (Month): 417 (March)
Pages: 406-15
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Handle: RePEc:ecj:econjl:v:103:y:1993:i:417:p:406-15

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  1. Kevin Marechal & Hélène Aubaret-Joachain & Jean-Paul Ledant, 2008. "The influence of Economics on agricultural systems: an evolutionary and ecological perspective," Working Papers CEB 08-028.RS, Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB). [Downloadable!]
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This page was last updated on 2009-11-12.

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