By P. Groenewegen
Alfred Marshall used to be unquestionably the doyen of British economics for 3 and a part many years, starting in 1890, the 12 months his ideas of Economics used to be first released. This succinct evaluation of Marshall's lifestyles and paintings as an economist units his significant fiscal contributions in standpoint, by means of his schooling, his go back and forth, his instructing at Cambridge, Oxford and Bristol, his coverage perspectives as provided to executive inquiries and his political and social reviews.
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Extra resources for Alfred Marshall: Economist 1842-1924 (Great Thinkers in Economics)
Marshall also encountered future Moral Sciences colleagues at Clifton, that is Sidgwick and Mozley. Another important friend gained through Clifton was Dakyns, a Cambridge Classics graduate, who instructed Marshall in philosophical speculation, Comtist secular religion and sociology, the arts, the joys of foreign travel, as well as problems of faith and theology. The last possibly induced the gradual erosion of Marshall’s faith which began at this time, even though Marshall had no qualms in reaffirming his faith on becoming a Fellow at St John’s.
Another Johnian, called Moss, was part of a group of seven young Fellows at St John’s who met regularly together for Shakespeare readings. In addition, Marshall joined the Eranus Society in these years. This was a discussion group including Sidgwick, Venn, Fawcett and Clifford among its members, the first three of them teachers at Cambridge in the Moral Sciences. It brought Marshall thereby in close contact with persons involved in the disciplines he himself began to study on completion of the Mathematics Tripos.
Mill’s most original chapters, moreover, particularly fascinated the young Marshall. These included Mill’s position of the laws of returns, on the role of reciprocal demand in international trade, on joint products and joint costs and on the dynamic theory of distribution in Book IV as opposed to the static distribution theory of Book II. Mill undoubtedly was a major influence on the development of Marshall’s economics, particularly in the early stages. 6 Other early influences on Marshall’s economics Marshall’s annotations in his copy of Mill occasionally drew attention to some of his other economics reading at this time.