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Alfred Marshall

In: Handbook of the History of Economic Thought

Author

Listed:
  • Earl Beach

    (John Deutsch Institute)

Abstract

What I have to say about Alfred Marshall is very different from what you read in the literature, either in brief references or in longer biographical studies. My graduate work was done at Harvard in the 1930s, and I was enamoured with the mathematical approach to economic analysis. But in mid life I became interested in the employment effects of automation and devised a new approach, which seems to be more realistic than the abstract analyses that characterize current work. This approach got me into arguments with colleagues and rejections by editors. I had been teaching a course on the history of economic thought and re-examined the field. Marshall came into focus. I re-read his Principles, and some parts of the book many times. Marshall’s economics is not understood in one reading.

Suggested Citation

  • Earl Beach, 2012. "Alfred Marshall," The European Heritage in Economics and the Social Sciences, in: Jürgen Georg Backhaus (ed.), Handbook of the History of Economic Thought, chapter 0, pages 495-512, Springer.
    • Handle: RePEc:spr:euhchp:978-1-4419-8336-7_19
    DOI: 10.1007/978-1-4419-8336-7_19
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