Buy custom Marshall, A (1842.7.26-1924.7.13)
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He claimed to have independently discovered the marginal utility theory, though typically he did not publish until he had fully integrated this into his system. His welfare economics was of central importance since his decision to take up economics originated in a moral purpose, and his general conclusion was that a redistribution of income from rich to poor would increase total satisfaction...
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Keynes was among his pupils and the `Keynesian revolution' can be seen as remaining within the Marshallian tradition.
The last edition of Alfred Marshall Principles of Economics appeared in 1920, his final presentation of a course of thought of which successive editions during four decades had recorded the widening and deepening process...
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Marshall, A (1842.7.26-1924.7.13)
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