Title: Alfred Marshall and the General Theory of Evolutionary Economics.
Abstract:In this essay I shall try to assess anew Alfred Marshall’s writing on economic change and the theory of value from the perspective of evolutionary economics. My competing claim is that Marshall’s two ...In this essay I shall try to assess anew Alfred Marshall’s writing on economic change and the theory of value from the perspective of evolutionary economics. My competing claim is that Marshall’s two great works, Principles of Economics and Industry and Trade, locate him as a major figure in a thread of evolutionary reasoning that explores the restless, dynamic nature of modern capitalism, a thread that begins with Adam Smith and leads on through Marx to Schumpeter and Hayek. To decide on the veracity of this hypothesis will take far more effort than is reflected here but my purpose is simply to begin to state a case.Read More
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
Access and Citation
Cited By Count: 16
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot