PDF Download Principles of Economics (Great Minds), by Alfred Marshall

PDF Download Principles of Economics (Great Minds), by Alfred Marshall

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Principles of Economics (Great Minds), by Alfred Marshall

Principles of Economics (Great Minds), by Alfred Marshall


Principles of Economics (Great Minds), by Alfred Marshall


PDF Download Principles of Economics (Great Minds), by Alfred Marshall

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Principles of Economics (Great Minds), by Alfred Marshall

About the Author

ALFRED MARSHALL, distinguished British economist, was born in London on July 26, 1842. His interest in economics arose out of his earlier studies of philosophy and mathematics. Following his tenure as first principal of University College, Bristol (1877­1881), Marshall taught at Cambridge University from 1885 to 1908, and lived in Cambridge for the remainder of his life. Marshall's chief work is the Principles of Economics (1890; eighth edition 1920). One of the founders of the so-called neo­classical school, Marshall argued that the economy would run best if left on its own, and that the normal functioning of a market econ­omy leads to full employment. Though influenced by the ideas of John Stuart Mill, Marshall substantially altered Mill's frame of ref­erence: instead of analyzing how the production of goods and the distribution of income among different social classes affected, often dramatically, economic well-being, he studied price setting in a static context, focusing on small, gradual changes and the complex interrelations by which market balance, or "equilibrium," is achieved. And while the earlier political economists Adam Smith and David Ricardo had identified labor as the force deter­mining the exchange value of goods, Marshall identified it as sat­isfaction of consumers' desires, or utility. Marshall's orderly Victorian picture of supply, demand, and price, particularly at a time when contemporary socialists and trade unions were challenging the status quo, came under attack by later economists, including John Maynard Keynes, who demon­strated that market forces can be ineffective in promoting full employment and who advocated enlightened government inter­vention over laissez-faire policies. Nonetheless, Marshall's work continues to influence orthodox economics. Alfred Marshall died in Cambridge on July 13, 1924. Marshall's other published works include Industry and Trade (1919) and Money, Credit, and Commerce (1923).

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Product details

Series: Great Minds

Paperback: 319 pages

Publisher: Prometheus Books; Revised edition (May 1, 1997)

Language: English

ISBN-10: 1573921408

ISBN-13: 978-1573921404

Product Dimensions:

6.9 x 2.1 x 9.8 inches

Shipping Weight: 12.8 ounces (View shipping rates and policies)

Average Customer Review:

3.9 out of 5 stars

18 customer reviews

Amazon Best Sellers Rank:

#102,839 in Books (See Top 100 in Books)

Classic book! But this is just a re-print of scanned pages with very wide blank margins. There is even hand writing on many of the pages. Find a higher quality print if you can for such as classic! Disappointed by the quality.

The Kindle version is complete. It contains all six books and all appendices. Do NOT purchase any of the classic series Kindle versions. They were scanned in with an inferior text interpreter which made the text unreadable.

very good

Instant publishing job on large, coarse paper. It's like a phone book. I wanted a normal book, not a phone book. The actual content could easily fit into a regular book.

No serious student of economics and/or politics should go without this book.CAB

I like it!

Important for any student of economic history.

very informative. i really love it.

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