Go Advanced Search

  Get this audio book:

Learn More About
Find More Titles by
This Author: Robert Hebert
This Narrator: Louis Rukeyser
This Publisher: Blackstone Audio

Alfred Marshall and Neoclassicism by Robert Hebert

Alfred Marshall and Neoclassicism

by Robert Hebert

Title Details

Unabridged Edition
Running Time
2 Hrs. 36 Min.
Share This


Alfred Marshall, (1842-1924) a British economics professor at Oxford University, developed economics into a more rigorous, professional discipline than ever before. He invented concepts such as price elasticity, the representative firm, consumer’s surplus, and other ideas that significantly enlarged the “analytical tool kit” of the economist.

Darwin’s ideas about biological evolution especially influenced Marshall, who learned a great deal about economic behavior by viewing a business firm as a biological organism, complete with a life cycle. He is perhaps best remembered for explaining the interaction of supply (i.e. costs of production) and demand (i.e. consumer utility), using the famous “scissors” metaphor to explain how these forces determine the price of an object.

People Who Liked Alfred Marshall and Neoclassicism Also Liked These Free Titles:
  Q&A with Thomas Sowell
by Thomas Sowell

Reviews & Ratings
User Reviews         Rate this title  

More Details

  • LearnOutLoud.com Product ID: A035851
Available On