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Introductory Remarks

In: The Economics of Alfred Marshall

Author

Listed:
  • Richard Arena
  • Michel Quéré

Abstract

Editing a volume on the economics of Alfred Marshall is a challenging issue because of the following cutting-edge problem: either scholars consider that everything has already been revealed about the topics, or the Marshallian construction is seen as so old-fashioned that no original perspective might be drawn from it. On the one hand, Marshallian economics has already been a matter of great scrutiny in the economic profession, from the scientific presentation of Marshall’s early writings (Whitaker 1975) to the investigation of the successive stages of Principles of Economics (hereafter the Principles), through the study of Marshall’s social and political preoccupations and/or the meticulous elaboration of his biography (Reisman 1986; Groenewegen 1995). On the other hand, we know that some Marshallian concepts are still utilized in contemporary economics and learning, including his biological view of the firm (Penrose 1959), his conception of competition (Dow and Earl 1999), his insistence on the importance of industrial districts (Becattini 1987; 2002) or, more recently, the revisitation of his notion of ‘external economies’ through the importance of Marshallian externalities within endogenous growth models as well as within the ‘new economic geography’.

Suggested Citation

  • Richard Arena & Michel Quéré, 2003. "Introductory Remarks," Palgrave Macmillan Books, in: Richard Arena & Michel Quéré (ed.), The Economics of Alfred Marshall, chapter 1, pages 1-10, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59963-5_1
    DOI: 10.1007/978-0-230-59963-5_1
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