Alfred Marshall Analysis

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History Background of Alfred Marshall

Marshall's Life

Alfred Marshall was born in Bermondsey, London (1842-1924). He was the founder of the Cambridge School of Economics and a professor of Political Economy at the University of Cambridge from 1885 to 1908. J.M. Keynes and A.C. Pigou which are the most important figures in economics field, were among his pupils. Marshall's publications include Principles of Economics (1890), Industry and Trade (1919), The Economics of Industry (1879), Money, Credit and Commerce His important book (1923). His important book, Principles of Economics (1890), published in eight editions in his lifetime. Marshall has proposed quite a numbers of theories, including the theory of demand, the theory of production, cost of production and supply, theory of price determinant, prices that deviates from cost of production and pricing productive factors.

Marshall was the son of a cashier in the Bank of England, a tyrannical gentleman who made his son promise never to play chess as it was a waste of time. He also tried to banish mathematics from Marshall's life b...

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