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Principles of Economics Alfred Marshall

Principles of Economics By Alfred Marshall

Principles of Economics by Alfred Marshall


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Summary

Offers a general introduction to the study of economics, dealing mainly with normal conditions of industry, employment, and wages. This book argues that while fragmentary statistical hypotheses are used as temporary aids to dynamic economic concepts, the central idea of economics must be that of a living force and movement.

Principles of Economics Summary

Principles of Economics by Alfred Marshall

British economist Alfred Marshall (1842-1924) was one of the founders of the neoclassical school in which economists studied both wealth and human behavior to understand why we make the choices we do. First published in 1890, Principles of Economics stands as Marshall's most influential work. This abridged edition offers a general introduction to the study of economics, dealing mainly with normal conditions of industry, employment, and wages. It begins by isolating the primary relations of supply, demand, and price in regard to a particular commodity. Following his study of science, history, and philosophy, Marshall argues that, while fragmentary statistical hypotheses are used as temporary aids to dynamic economic concepts, the central idea of economics must be that of a living force and movement, and its main concern must be with human beings who are impelled, for better or worse, to change and progress.

Additional information

NLS9781573921404
9781573921404
1573921408
Principles of Economics by Alfred Marshall
New
Paperback
Prometheus Books
1997-05-01
320
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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