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Marshall's treatment of technological change in Industry and Trade

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  • Peter Groenewegen

Abstract

The phrase 'technological change' does not appear in the index of Marshall's second major book, Industry and Trade, nor does it appear in the index of that of his first major work, Principles of Economics. Yet the nature of the contents of the second book, Industry and Trade, indicates that technological progress is part of the analysis, with special reference to Marshall's discussion of the industrial leadership secured by England during the nineteenth century, and the claims thereto by France, Germany and the United States (Book I, chapters III-VIII). Causes of technological change, and its impact on the size of firms were discussed by Marshall in Book II (especially chapters II and III), while the matter is also treated in the context of changes in business organisation (Book II, chapters X-XII). This paper, in its various sections, therefore acts as a reminder of the fact that Marshall's Industry and Trade was primarily concerned with 'the origins of modern industrial technique and business organisation', as he put it himself in the introduction.

Suggested Citation

  • Peter Groenewegen, 2010. "Marshall's treatment of technological change in Industry and Trade," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 17(5), pages 1253-1269.
    • Handle: RePEc:taf:eujhet:v:17:y:2010:i:5:p:1253-1269
    DOI: 10.1080/09672567.2010.522244
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    Cited by:

    1. Malcolm Abbott, 2018. "Productivity: a history of its measurement," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2018(1), pages 57-80.

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