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Marshall on mind and society: neurophysiological models applied to industrial and business organization

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  • Tiziano Raffaelli

Abstract

The paper examines Marshall's views on industrial organization in the light of his early interest in mental philosophy: routines are necessary for the functioning not only of mind but also of society, though in both cases they enhance the dangers of excessive specialization and 'overburdening'. Marshall's ideal mix, already clear in his early paper Ye Machine, was the subordination of a powerful and growing set of routines to human creativity and foresight. The 'neurophysiological analogy' helps to understand Marshall's opinions on division of labour, business concentration, industrial districts, 'character' and other general issues of social evolution.

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  • Tiziano Raffaelli, 2001. "Marshall on mind and society: neurophysiological models applied to industrial and business organization," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 8(2), pages 208-229.
    • Handle: RePEc:taf:eujhet:v:8:y:2001:i:2:p:208-229
    DOI: 10.1080/09672560110039290
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    References listed on IDEAS

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    1. Brian J. Loasby, 1989. "The Mind and Method of the Economist," Books, Edward Elgar Publishing, number 288.
    2. Herbert A. Simon, 1996. "The Sciences of the Artificial, 3rd Edition," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262691914, December.
    3. 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.
    4. Raffaelli, Tiziano, 1996. "Utilitarian Premises and the Evolutionary Framework of Marshall's Economics," Utilitas, Cambridge University Press, vol. 8(1), pages 89-108, March.
    5. Shelia C. Dow & Peter E. Earl (ed.), 1999. "Economic Organization and Economic Knowledge," Books, Edward Elgar Publishing, number 1401.
    6. Laurence Moss, 1982. "Biological Theory and Technological Entrepreneurship in Marshall's Writings," Eastern Economic Journal, Eastern Economic Association, vol. 8(1), pages 3-13, Jan-Mar.
    7. Heiner, Ronald A, 1983. "The Origin of Predictable Behavior," American Economic Review, American Economic Association, vol. 73(4), pages 560-595, September.
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    Cited by:

    1. Brian Loasby, 2001. "Forum `Knowledge, Evolution and the Theory of the Firm' – Introduction," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 5(3), pages 275-285, September.
    2. Roberta Patalano, 2007. "Imagination and society. The affective side of institutions," Constitutional Political Economy, Springer, vol. 18(4), pages 223-241, December.
    3. Loasby, Brian J., 2002. "The evolution of knowledge: beyond the biological model," Research Policy, Elsevier, vol. 31(8-9), pages 1227-1239, December.
    4. Richard Arena & Katia Caldari, 2019. "Léon Walras and Alfred Marshall: Microeconomic Rational Choice or Human and Social Nature?," GREDEG Working Papers 2019-33, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    5. Antonio Bariletti & Eleonora Sanfilippo, 2017. "At the origin of the notion of ?creative? goods in economics: Scitovsky and Hawtrey," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2017(1), pages 5-34.
    6. Joan-Severo Chumbita, 2020. "Alfred Marshall, autor del siglo XX: desempleo involuntario, monopolio, amortización acelerada, competencia por nuevos productos e intervención estatal orientada a alcanzar el producto máximo," Ensayos de Economía 19130, Universidad Nacional de Colombia Sede Medellín.
    7. Richard Arena & Katia Caldari, 2019. "Léon Walras and Alfred Marshall : microeconomic rational choice or human and social nature?," Working Papers halshs-02400844, HAL.
    8. Antonio Bariletti & Eleonora Sanfilippo, 2015. "At the origin of the notion of “creative goods” in economics: Scitovsky and Hawtrey," Working Papers 2015-02, Universita' di Cassino, Dipartimento di Economia e Giurisprudenza.

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