Alfred Marshall

British economist (1842-1924) · United Kingdom · Academics · Died at 81

Alfred Marshall is read about 329 times a day, in 61 languages.

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He built the blueprint for how we still think about markets - supply curves, demand curves, the marginal calculus of cost and value - and turned scattered ideas into a single coherent framework that became economics as a science.

Academics Academic Economics Philosophy 19th Century

A life in dates

1924Died13 July 19241906“I have not been able to lay my hands on any notes as to Mathematico-economics that would be of any use to you.”In their words27 February 1906Letter to (27 February 1906) Memorials of Alfred Marshall (1925) ed., A. C. Pigou p. 427. Also cited in: David L. Sills, Robert KingRead the whole statement

1900“I am myself an uncompromising anti-Jingoe, a peace-at-almost-any-price man. Chamberlain is the only Unionist public man whom I have ever thoroughly distrusted.”In their words6 April 1900Alfred Marshall to N. G. Pierson, 6 April 1900Read the whole statement

1890“Each several want is limited, and...”In their wordsBk III, Ch. III. The Law of DemandRead the whole statement

“The increment of the commodity which he is only just induced to acquire (whether by...”In their wordsBk III, Ch. III. The Law of DemandRead the whole statement

“And thus the law may be worded: - The of a commodity to anyone diminishes with every increase in the amount of it he already has.”In their wordsBk III, Ch. III. The Law of DemandRead the whole statement

1842Born26 July 1842

Also in Deutsch

Photos 8

Alfred Marshall

Alfred Marshall - Principles of Economics (1890), Prometheus Books

Alfred Marshall - Principles of Economics (1890)

Alfred Marshall 1869

Alfred Marshall 1891

Alfred Marshall portrait

Alfred Marshall-Konkani Vishwakosh

Macro history economists

In their own words 5

Alfred Marshall

5 statements, newest first

I have not been able to lay my hands on any notes as to Mathematico-economics that would be of any use to you.
Feb 27, 1906, Letter to (27 February 1906) Memorials of Alfred Marshall (1925) ed., A. C. Pigou p. 427. Also cited in: David L. Sills, Robert King, Own words
I am myself an uncompromising anti-Jingoe, a peace-at-almost-any-price man. Chamberlain is the only Unionist public man whom I have ever thoroughly distrusted.
Apr 6, 1900, Alfred Marshall to N. G. Pierson, 6 April 1900, Own words
Each several want is limited, and...
1890, Bk III, Ch. III. The Law of Demand, Own words

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Awards

Adam Smith Prize

Fellow of the British Academy

In their orbit

Spouse: Mary Paley Marshall

About this person

Alfred Marshall was an English economist born 26 July 1842, who spent decades assembling the scattered threads of economic thought into something rigorous and teachable. In 1890 he published Principles of Economics, a textbook that would dominate England for generations and become the foundation of neoclassical economics. The book synthesized supply and demand theory, marginal utility, and production costs into one unified system, giving microeconomics the structure it still carries. He died 13 July 1924, leaving behind the architecture of modern economic analysis.

Country

United Kingdom

Academics from the United Kingdom 6

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