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