IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2016v4p85-90.html
   My bibliography  Save this article

Neoclassical Economics: Some Marshallian Insights

Author

Listed:
  • KRUME NIKOLOSKI

    (GOCE DELCHEV UNIVERSITY - STIP, REPUBLIC OF MACEDONIA)

Abstract

In this paper are going to be analyzed the theories of supply, demand and equilibrium. It is about a neoclassical economics, Nobel laureate economist Alfred Marshall who is the inventor of the analyzed theories. And of course that these theories which that are subject to elaboration remain valid till today in the modern market economy conditions. Marshall also was the first who introduced the term "economics", which is in mass use. He studied, primarily the problems of production, distribution, exchange and consumption in terms of individuals, households, enterprises. With its total work appears as the founder of macroeconomics. I personally believe, that understanding the different approaches and perspectives on the economy, the reasons for these differences and how they evolved over time, provides a historical and philosophical context that encourages most economists to use critical analysis of current economic tools and their application.

Suggested Citation

  • Krume Nikoloski, 2016. "Neoclassical Economics: Some Marshallian Insights," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 85-90, August.
    • Handle: RePEc:cbu:jrnlec:y:2016:v:4:p:85-90
    as

    Download full text from publisher

    File URL: http://www.utgjiu.ro/revista/ec/pdf/2016-04/11_Krume%20Nikoloski.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Screpanti, Ernesto & Zamagni, Stefano, 2005. "An Outline of the History of Economic Thought," OUP Catalogue, Oxford University Press, edition 2, number 9780199279142.
    2. Caldari, Katia, 2004. "Alfred Marshall's Idea of Progress and Sustainable Development," Journal of the History of Economic Thought, Cambridge University Press, vol. 26(4), pages 519-536, December.
    3. Katia Caldari & Tamotsu Nishizawa, 2011. "Marshall’s Ideas on Progress: Roots and Diffusion," Chapters, in: Heinz D. Kurz & Tamotsu Nishizawa & Keith Tribe (ed.), The Dissemination of Economic Ideas, chapter 6, Edward Elgar Publishing.
    4. J. Stanley Metcalfe, 2007. "Alfred Marshall's Mecca: Reconciling the Theories of Value and Development," The Economic Record, The Economic Society of Australia, vol. 83(s1), pages 1-22, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Andrew Lynn, 2022. "Ethics, Economics, and the Specter of Naturalism: The Enduring Relevance of the Harmony Doctrine School of Economics," Journal of Business Ethics, Springer, vol. 178(3), pages 661-673, July.
    2. Thomas M. Humphrey, 1999. "Mercantilists and classicals: insights from doctrinal history," Economic Quarterly, Federal Reserve Bank of Richmond, issue Spr, pages 55-82.
    3. Michaelides, Panayotis G. & Milios, John G. & Vouldis, Angelos, 2007. "Schumpeter and Lederer on Growth, Technology, Credit and Business Cycles," MPRA Paper 74486, University Library of Munich, Germany.
    4. Ulaş Şener, 2016. "Die Neutralitätstheorie des Geldes: Ein kritischer Überblick," Potsdam Economic Papers 04, 2nd. ed., Universität Potsdam, Wirtschafts- und Sozialwissenschaftliche Fakultät.
    5. Zoran Stefanovic, Branislav Mitrovic, 2015. "Revisiting New Institutional Economics: Basic Concepts And Research Directions," Ekonomika, Journal for Economic Theory and Practice and Social Issues 2014-04, „Ekonomika“ Society of Economists, Niš (Serbia).
    6. Angelos Vouldis & Panayotis Michaelides & John Milios, 2011. "Emil Lederer and the Schumpeter-Hilferding-Tugan-Baranowsky Nexus," Review of Political Economy, Taylor & Francis Journals, vol. 23(3), pages 439-460.
    7. Charalambos Vlados & Fotios Katimertzopoulos, 2019. "The ¡°Mystery¡± of Innovation: Bridging the Economic and Business Thinking and the Stra.Tech.Man Approach," Business and Economic Research, Macrothink Institute, vol. 9(1), pages 236-262, March.
    8. Patrick Duff & David Fryer, 2005. "Market Failure, Human Capital, and Job Search Dynamics in South Africa: The Case of Duncan Village," Working Papers 05098, University of Cape Town, Development Policy Research Unit.
    9. Arola, Mika, 2006. "Foreign capital and Finland: central government's firstperiod of reliance on international financial markets 1862-1938," Bank of Finland Scientific Monographs, Bank of Finland, volume 0, number sm2006_037.
    10. Arola, Mika, 2006. "Foreign capital and Finland : central government's firstperiod of reliance on international financial markets 1862-1938," Scientific Monographs, Bank of Finland, number 37/2006.
    11. Richard Arena & Katia Caldari, 2019. "Léon Walras and Alfred Marshall : microeconomic rational choice or human and social nature?," Working Papers halshs-02400844, HAL.
    12. Nashihah, Faidah, 2018. "Negara, ekonomi dan pasar: Analisis institusi hisbah dan kontribusinya dalam perspektif al-Mawardi [Countries, economy and markets: Analysis of hisbah institution and its contribution to Al-Mawardi," MPRA Paper 87412, University Library of Munich, Germany, revised 03 Apr 2018.
    13. Jaelani, Aan, 2013. "Institusi Pasar dan Hisbah: Teori Pasar dalam Sejarah Pemikiran Ekonomi Islam [Markets and Hisbah Institutions: A Theory of Market in the History of Islamic Economic Thought]," MPRA Paper 71921, University Library of Munich, Germany, revised 29 Nov 2013.
    14. Jeannette Graulau, 2008. "‘Is mining good for development?’," Progress in Development Studies, , vol. 8(2), pages 129-162, April.
    15. Jorge Ivan Gonzalez & Mauricio Perez Salazar, 2019. "Mercados y Bienestar. Ensayos en memoria de homero cuevas," Books, Universidad Externado de Colombia, Facultad de Economía, number 79, August.
    16. Wolfgang Fellner & Clive L. Spash, 2014. "The Illusion of Consumer Sovereignity in Economic and Neoliberal Thought," SRE-Disc sre-disc-2014_02, Institute for Multilevel Governance and Development, Department of Socioeconomics, Vienna University of Economics and Business.
    17. repec:zbw:bofism:2006_037 is not listed on IDEAS
    18. Olah, Daniel, 2016. "A közös ős nyomában: modern nyugati közgazdasági gondolkodás és az iszlám hagyomány [In the Quest for the Common Ancestor: Modern Western Economic Thought and the Islamic Tradition]," MPRA Paper 86412, University Library of Munich, Germany.
    19. P. Mongin, 1999. "Normes et jugements de valeur en économie normative," THEMA Working Papers 99-20, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    20. Pilar Piqué, 2018. "Los conceptos de “valor” y “sociedad ruda y primitiva” en la obra de Adam Smith," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 37(66), pages 15-38, June.
    21. Miriam Kennet & Volker Heinemann, 2006. "Green Economics: setting the scene. Aims, context, and philosophical underpinning of the distinctive new solutions offered by Green Economics," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 1(1/2), pages 68-102.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2016:v:4:p:85-90. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.