This collection of twelve original essays commissioned by Britain's Royal Economic Society commemorates the 1990 centennial of the first publication of Alfred Marshall's Principles of Economics, one of the truly seminal works in the history of the subject. Marshall, who lived from 1842 to 1924, was the founder of the Cambridge school of economics and the teacher of John Maynard Keynes. Each of the twelve essays in this volume focuses on some aspect or aspects of Marshall's work, life, or legacy. His magnum opus, the Principles, receives considerable attention, but the discussion is not narrowly restricted to that work - which was in any case only a portion of a larger project, never completed. John Whitaker's essay sets out the detailed history of Marshall's failure to complete the projected second volume of the Principles, and describes the thorny path leading to the publication of Industry and Trade in 1919 and Money Credit and Commerce in 1923.
Introduction; List of abbreviated titles; 1. The place of Marshall's Principles in the development of economics George J. Stigler; 2. Marshall and the labour market Robin C. O. Matthews; 3. Alfred Marshall and the development of monetary economics David E. W. Laidler; 4. Marshall and international trade John Creedy; 5. Firms, markets, and the principles of continuity Brian J. Loasby; 6. Marshall's work in relation to classical economics Denis P. O'Brien; 7. Cambridge after Marshall David A. Collard; 8. What happened to the second volume of the Principles? The thorny path to Marshall's last books John K. Whitaker; 9. Alfred Marshall and the theory of capital Christopher Bliss; 10. An aspect of Marshall's perios analysis A. K. Dasgupta; 11. The great barter controversy Peter Newman; 12. Marshall's consumer's surplus in modern perspective John S. Chipman; Index.