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The Mecca of Alfred Marshall

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  • Hodgson, Geoffrey M

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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  • Hodgson, Geoffrey M, 1993. "The Mecca of Alfred Marshall," Economic Journal, Royal Economic Society, vol. 103(417), pages 406-415, March.
  • Handle: RePEc:ecj:econjl:v:103:y:1993:i:417:p:406-15
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    Cited by:

    1. Rahmeyer Fritz, 2013. "Schumpeter, Marshall, and Neo-Schumpeterian Evolutionary Economics: A Critical Stocktaking," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 233(1), pages 39-64, February.
    2. repec:taf:oaefxx:v:5:y:2017:i:1:p:1280983 is not listed on IDEAS
    3. Fritz Rahmeyer, 2010. "A Neo-Darwinian Foundation of Evolutionary Economics. With an Application to the Theory of the Firm," Discussion Paper Series 309, Universitaet Augsburg, Institute for Economics.
    4. Trushin, Eshref & Ugur, Mehmet, 2018. "Ecosystem complexity, firm learning and survival: UK evidence on intra-industry age and size diversity as exit hazards," Greenwich Papers in Political Economy 19095, University of Greenwich, Greenwich Political Economy Research Centre.
    5. Kevin Maréchal & 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, ULB -- Universite Libre de Bruxelles.
    6. Khalil, Elias L., 1999. "Two kinds of order: Thoughts on the theory of the firm," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 28(2), pages 157-173, July.

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