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The Elgar Companion to Alfred Marshall

Edited by the late Tiziano Raffaelli, formerly Professor of the History of Economic Thought, University of Pisa, Italy, the late Giacomo Becattini, formerly Professor of Political Economy and Marco Dardi, Professor of Economics, University of Florence, Italy
The Companion places Alfred Marshall’s ideas in their historical context, highlighting the many streams of social research originating from them. The contributors form a remarkable cast of leading experts, covering a spectrum of Marshallian themes and issues.
Extent: 752 pp
Hardback Price: £198.00 Web: £178.20
Publication Date: 2006
ISBN: 978 1 84376 072 6
Availability: In Stock
Paperback Price: £51.00 Web: £40.80
Publication Date: 2009
ISBN: 978 1 84844 475 1
Availability: In Stock
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  • Economics and Finance
  • Economic History
  • History of Economic Thought
In light of the recent and ongoing surge of interest in Alfred Marshall’s work, this new and original reference volume fills a gap in the literature through a detailed examination of his thought and of his contributions to economics and social science.

The Companion places Alfred Marshall’s ideas in their historical context, highlighting the many streams of social research originating from them. The contributors form a remarkable cast of leading experts, covering a spectrum of Marshallian themes and issues, including:

• his life and work
• background and influences
• scope and methodology of economics
• economic analysis – including distribution theory, industrial economics and money
• social and political issues
• relations with his contemporaries
• the Marshallian tradition
• relevance to contemporary economics.

This comprehensive and multidisciplinary Companion illustrates the relevance of Marshall to present-day economic reality and as such will prove an invaluable reference tool for general economists and a wide ranging audience: historians of economic thought; economic, political and cultural historians; industrial, regional and development economists; economists interested in institutional, cognitive and evolutionary economics.
‘Marshall’s importance has been widely recognized for over one hundred years and there is a vast quantity of research and writing on his work. Tiziano Raffaelli, Giacomo Becattini and Marco Dardi have made an impressive contribution to that literature as editors of The Elgar Companion to Alfred Marshall. . . Generally the entries serve as good introductions to the subjects they address and will be particularly useful to students, researchers and non-specialists. . . It makes a definite contribution in highlighting the breadth and complexity of Marshall’s thought without underplaying his contributions to economics. The Elgar Companion to Alfred Marshall makes a fine addition to any economics reference collection.’
– David Andrews, EH.Net

‘. . . this stimulating, wide-ranging and ambitious volume manages to combine an impressive range of scholarship with some wonderful insights into individual topics. . . It is a substantial intellectual undertaking that makes a significant contribution to the study of Alfred Marshall and Marshallian economics for which economists, historians of economics and intellectual historians of Victoriana will be greatly indebted.’
– Mark Donoghue, History of Economics Review

‘This monumental volume, containing 99 essays of uniformly high quality by 72 contributors, is a testament to the excellence of its three editors. It illuminates every facet of Alfred Marshall’s intellectual development and creativity. . . This volume, which demonstrates a solid intellectual foundation, is a very important work in economics. Highly recommended.’
– J. Murdock, Choice
Contributors: A. Baccini, R.E. Backhouse, P. Barrotta, B.W. Bateman, G. Becattini, M. Bellandi, E.F. Biagini, R.S. Bowman, P. Bridel, R.W. Butler, K. Caldari, M. Casson, C. Cecchi, F. Cerina, R. Coase, B.W. Coats, D.A. Collard, S. Cook, G. Corsani, J. Creedy, C. Cristiano, M. Dardi, M. De Vroey, M. Egidi, J. Foster, R.D. Freeman, K. Fuji, A. Gay, B. Gerbier, P. Giovannini, P.D. Groenewegen, N. Hart, G.M. Hodgson, T.M. Humphrey, J. Kerstenetzky, M. Kondo, G.M. Koot, R.N. Langlois, A. Leijonhufvud, B.J. Loasby, R. Marchionatti, R. Martin, R. McWilliams Tullberg, S.G. Medema, J.S. Metcalfe, D.E. Moggridge, T. Nishizawa, D.P. O’Brien, A. Opocher, E. Pesciarelli, R. Petridis, R. Prendergast, M. Quéré, T. Raffaelli, S. Rashid, D.A. Reisman, S. Rizzello, A. Rosselli, W.J. Samuels, E. Schlicht, B. Schultz, I. Steedman, C. Stray, E.W. Streissler, G. Tezel, M. Vahabi, J. Vromen, J.K. Whitaker, P.L. Williams, A. Zanni
Contents:

Introduction

PART I: LIFE AND WORK
1. Life and Activities
Peter D. Groenewegen

2. Mary Paley Marshall
Rita McWilliams Tullberg

3. The Early Philosophical Papers
Brian J. Loasby

4. ‘Ye Machine’
Tiziano Raffaelli

5. The Early Historical Notes
Simon Cook

6. The Early Economic Writings
John K. Whitaker

7. Teacher and Academic
Peter D. Groenewegen

8. The Economics of Industry
Giacomo Becattini and Marco Dardi

9. The Economics Tripos
Tamotsu Nishizawa

10. Principles of Economics: Genesis, Structure and Evolution
John K. Whitaker

11. Industry and Trade
Philip L. Williams

12. Money, Credit and Commerce
Annalisa Rosselli

13. Giving Advice to Governments
Peter D. Groenewegen

PART II: BACKGROUND AND INFLUENCES
14. The Victorian Cultural Context
Robert W. Butler

15. The Young Marshall’s University
Christopher Stray

16. Early Influences
Simon Cook

17. Readings and Library
Katia Caldari

18. Interpreter of the ‘Classics’
Peter D. Groenewegen

19. Charles Babbage
Simon Cook

20. The Influence of German Economists
Erich W. Streissler

PART III: SCOPE AND METHOD
21. Marshall on Method
Ronald Coase

22. The Definition of Economics
Roger E. Backhouse

23. Mathematics and Statistics
Marco Dardi

24. Economics and Sociology
Paolo Giovannini

25. Economics and Economic History
Gerard M. Koot

26. Economics and Ethics
Bob W. Coats and Tiziano Raffaelli

27. Economics and Psychology
Simon Cook

28. Economics and Biology
Geoffrey M. Hodgson

29. Economic Nations
Giacomo Becattini

PART IV: ECONOMIC ANALYSIS
A. Equilibrium and Dynamics

30. Partial Equilibrium and Period Analysis
Marco Dardi

31. Market Adjustment Processes
Axel Leijonhufvud

32. Marshall versus Walras on Equilibrium
Michel De Vroey

33. The Principle of Substitution
Antonio Gay

34. Coeteris Paribus
Fabio Cerina

35. Differentiation and Integration
Gülbahar Tezel

B. The Theory of Value

36. Normal Value
Mehrdad Vahabi

37. Time
John Foster

38. Wants and Activities
Bradley W. Bateman

39. Demand
Marco Dardi

40. Custom and Competition
Ekkehart Schlicht

41. Market Forms and Market Power
Jaques Kerstenetzky

C. The Theory of Distribution

42. The Theory of Distribution: An Overview
John K. Whitaker

43. Labour and Wages
Katia Caldari

44. Prospectiveness and Productiveness: The Theory of Capital and Interest
Ian Steedman

45. Entrepreneurship and Profits
Enzo Pesciarelli

46. Rent
John K. Whitaker

47. Quasi-rent and Composite Quasi-rent
Masashi Kondo

48. Share Tenancy and Sharecropping
Claudio Cecchi

D. Industrial Analysis

49. Industrial Organization
Brian J. Loasby

50. Increasing and Diminishing Returns
Renee Prendergast

51. Internal and External Economies
Marco Bellandi

52. The Localization of Industry
Ron Martin

53. Business Size
Neil Hart

54. Standardization
Kenji Fuji

55. The Representative Firm
Michel Quéré

E. Money and Commerce

56. The Quantity Theory of Money
Thomas M. Humphrey

57. Price Stabilization Policies
Alberto Zanni

58. Credit Cycles and the Rate of Interest
Pascal Bridel

59. The Theory of International Trade
John Creedy

60. Marketing
Mark Casson

61. The Barter Controversy
John Creedy

62. Speculation
Bradley W. Bateman

63. Trade Policy
Roger E. Backhouse

PART V: SOCIAL AND POLITICAL ISSUES
64. Progress
Katia Caldari

65. Character and Capabilities
Tiziano Raffaelli

66. State Intervention
David A. Reisman

67. Trade Unions
Roy Petridis

68. Cooperation
Bernard Gerbier

69. Industrial Relations
Tamotsu Nishizawa

70. Socialism
Rita McWilliams Tullberg

71. Education
Simon Cook

72. Women’s Education
Rita McWilliams Tullberg

73. Economic Chivalry
Bernard Gerbier

74. The Residuum
Rhead S. Bowman

75. Population
Rhead S. Bowman

76. Environmentalism and Town Planning
Giacomo Becattini and Gabriele Corsani

77. New Liberalism
Eugenio F. Biagini

PART VI: MARSHALL AND HIS CONTEMPORARIES
78. Henry Sidgwick
Bart Schultz

79. William Kingdon Clifford
Tiziano Raffaelli

80. Benjamin Jowett
Warren J. Samuels

81. William Stanley Jevons
John K. Whitaker

82. Francis Ysidro Edgeworth
Alberto Baccini

83. Herbert Somerton Foxwell
Richard D. Freeman

84. William Cunningham
Salim Rashid

85. John Neville Keynes
Rita McWilliams Tullberg

86. Arthur Cecil Pigou
David A. Collard

87. John Maynard Keynes
Donald E. Moggridge

88. Walter Thomas Layton
Carlo Cristiano

PART VII: MARSHALL’S LEGACY
89. The Marshallian School of Economics
Giacomo Becattini

90. The ‘Increasing Returns and Competition’ Dilemma: From Marshall to Pigou
Roberto Marchionatti

91. The Theory of the Firm After Marshall
Denis P. O’Brien

92. Welfare Economics: Marshallian Welfare Economics and the Economic Welfare of Marshall
Steven G. Medema

PART VIII: MARSHALL AND PRESENT-DAY ECONOMICS
93. Evolutionary Economics
J. Stanley Metcalfe

94. Industrial Economics
Richard N. Langlois

95. The Industrial District and Development Economics
Giacomo Becattini

96. Cognitive Economics
Massimo Egidi and Salvatore Rizzello

97. Institutional Economics: Digging Deeper into the Interplay between Institutions and Individual Behaviour
Jack Vromen

98. Methodology
Pierluigi Barrotta

99. Microeconomics of Supply
Arrigo Opocher

Index