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Chapter 10

Chapter 10

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Published by: Cesar Gabriel Ballester on Sep 17, 2013
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 Alfred Marshall andNeoclassical Economics
Chapter 10
 
 Alfred Marshall
British, initially wanted to be a clergyman
Wanted to make economics moremathematical, more rigorous, more
 “scientific” 
 
Principles of Economics 
, published in 1890
Brings the ideas of supply and demand,marginal utility and costs of product into acoherent whole
Father of neoclassical economics
 
Framework of Analysis
What are the questions that Marshall isasking?
How can economics be used to improvethe lot of the poor?
He was trying to develop an “engine of inquiry” –
a way of analyzing the world
to arrive at “the truth” 
 
He was a microeconomist

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