Alfred Marshall

Cambridge founder of neoclassical microeconomics who popularized the crossing supply-and-demand diagram.

Specifications & Metrics

lifespan

1842-1924

nationality

British

school

Neoclassical

Core Principles & Analysis

• Principles of Economics (1890) systematized price elasticity, consumer surplus, and partial-equilibrium analysis.
• He welded classical costs to marginal utility in a single diagrammatic framework.
• His students included Keynes and Pigou; his text ruled English economics for decades.

Sources

• Econlib Concise Encyclopedia of Economics: Alfred Marshall