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Palgrave Macmillan

Principles of Economics

  • Book
  • © 2013

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Authors:
  1. Alfred Marshall
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Part of the book series: Palgrave Classics in Economics (PCE)

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Table of contents (55 chapters)

  1. The Agents of Production Land, Labour, Capital and Organization

    1. Industrial Training

      • Alfred Marshall
      Pages 170-182

    2. The Growth of Wealth

      • Alfred Marshall
      Pages 183-199

    3. Industrial Organization

      • Alfred Marshall
      Pages 200-207

    4. Industrial Organization, Continued. Division of Labour. The Influence of Machinery

      • Alfred Marshall
      Pages 208-221

    5. Industrial Organization, Continued. The Concentration of Specialized Industries in Particular Localities

      • Alfred Marshall
      Pages 222-231

    6. Industrial Organization, Continued. Production on a Large Scale

      • Alfred Marshall
      Pages 232-242

    7. Industrial Organization, Continued. Business Management

      • Alfred Marshall
      Pages 243-261

    8. Conclusion. Correlation of the Tendencies to Increasing and to Diminishing Return

      • Alfred Marshall
      Pages 262-268

  2. General Relations of Demand, Supply and Value

    1. Introductory. On Markets

      • Alfred Marshall
      Pages 269-275

    2. Temporary Equilibrium of Demand and Supply

      • Alfred Marshall
      Pages 276-280

    3. Equilibrium of Normal Demand and Supply

      • Alfred Marshall
      Pages 281-291

    4. The Investment and Distribution of Resources

      • Alfred Marshall
      Pages 292-301

    5. Equilibrium of Normal Demand and Supply, Continued, with Reference to Long and Short Periods

      • Alfred Marshall
      Pages 302-315

    6. Joint and Composite Demand. Joint and Composite Supply

      • Alfred Marshall
      Pages 316-326

    7. Prime and Total Cost in Relation to Joint Products. Cost of Marketing. Insurance Against Risk. Cost of Reproduction

      • Alfred Marshall
      Pages 327-333

    8. Marginal Costs in Relation to Values. General Principles

      • Alfred Marshall
      Pages 334-342

    9. Marginal Costs in Relation to Values. General Principles, Continued

      • Alfred Marshall
      Pages 343-352

    10. Marginal Costs in Relation to Agricultural Values

      • Alfred Marshall
      Pages 353-364

    11. Marginal Costs in Relation to Urban Values

      • Alfred Marshall
      Pages 365-376

    12. Equilibrium of Normal Demand and Supply, Continued, with Reference to the Law of Increasing Return

      • Alfred Marshall
      Pages 377-382
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Keywords

About this book

Alfred Marshall, Principles of Economics (1890) – Founder of Modern (Neo-classical) Economics. His book Principles of Economics was the dominant textbook in economics for a long time and it is considered to be his seminal work.

Reviews

"It is impossible to understand economics in the twentieth century without knowing about Marshall's Principles. The simplicity of his presentation conceals complexities that were not apparent to later generations who picked up on the mathematics whilst ignoring many of the evolutionary ideas that fascinate modern scholars."

Roger E. Backhouse, Professor of the History and Philosophy of Economics, University of Birmingham, UK

"Alfred Marshall's Principles of Economics is an outstanding contribution, one of the foundations of neoclassical economics, and shaped the thought of economists from John Maynard Keynes to Milton Friedman. Every modern economist should make its acquaintaince and should look in admiration at that seminal diagram in which Marshall drew a supply curve intersecting a demand curve. Peter Groenewegen, Marshall's biographer and the greatest living Marshall scholar, has written a new introduction for this edition, drawing on a lifetime of insightful scholarship."

Robert W. Dimand, Professor of Economics, Brock University, Canada

About the author

Alfred Marshall (1842–1924) is widely regarded as the doyen of modern economics and the founder of the Neoclassical School of Economics; he is best known for revolutionising the teaching of economics. In 1865 Alfred Marshall was elected to a fellowship at St John's College, Cambridge, UK, he became a lecturer in moral sciences in 1868 and in 1885 he was awarded Professorship in Political Economy at Cambridge where he remained until his retirement in 1908. Marshall's magnus opus Principles of Economics was first published in 1890 to worldwide acclaim and it cemented his reputation as one of the leading economists of his time.

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