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The Minor Marshallians and Alfred Marshall

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The Minor Marshallians and Alfred Marshall The Minor Marshallians and Alfred Marshall Alfred Marshall, Professor of Economics at Cambridge University (1885–1908), produced a distinguished crop of students, many of them leaders in the econom­ ics profession in sub sequent generations. Pigou, Keynes and Dennis Robertson are undoubtedly the most famous of these Marshall ‘pupils’ but there were many more, even if more minor forces in the development of early twentieth century eco nom ics. This book intends to examine the major work of ten of these ‘minor’ Marshallians – Sydney John Chapman (1871–1951), John Harold Clapham (1873–1946), Charles Ryle Fay (1884–1961), Alfred William Flux (1867–1942), Frederick Lavington (1881–1927), Walter Thomas Layton (1884–1966), David Huchinson MacGregor (1877–1953), Joseph Shield Nicholson (1850–1927), Charles Percy Sanger (1871–1930) and Gerald Francis Shove (1888–1947), to name them in alphabetical order. The broad aim of this book is to evaluate the more import ant con tri bu tions of these ‘minor’ Marshallians by selective examination of their major economic work. That evalu ation has at least two dimensions. First, it focuses on the signifi­ cance of the author’s individual con tri bu tions to the de velopment of twentieth century economic thought. Second, it attempts to assess the Marshallian credentials of these con tri bu tions in order to indicate how Marshallian in their eco nom ics these ‘pupils’ of Marshall’s econom ics teaching actually stayed. This book presents a detailed study of ten, ‘minor’ Marshallians who spread the ‘organon’ of Marshall’s eco nom ics to later generations of eco nom ists via the impact Marshall had on their own work. That impact, the book shows, came directly via Marshall’s teaching or indirectly via their study of Marshall’s published work. Peter Groenewegen is Honorary Associate and Emeritus Professor of Eco­ nomics at the University of Sydney, Australia. Routledge studies in the history of economics 1 Economics as Literature 8 The History of Game Theory, Willie Henderson Volume 1 From the beginnings to 1945 2 Socialism and Marginalism in Robert W. Dimand and Economics 1870–1930 Mary Ann Dimand Edited by Ian Steedman 9 The Economics of W.S. Jevons Sandra Peart 3 Hayek’s Political Economy The socio­ economics of order Steve Fleetwood 10 Gandhi’s Economic Thought Ajit K. Dasgupta 4 On the Origins of Classical 11 Equilibrium and Economic Economics Theory Distribution and value from Edited by Giovanni Caravale William Petty to Adam Smith Tony Aspromourgos 12 Austrian Economics in Debate Edited by Willem Keizer, 5 The Economics of Bert Tieben and Rudy van Zijp Joan Robinson Edited by Maria 13 Ancient Economic Thought Cristina Marcuzzo, Luigi Pasinetti Edited by B.B. Price and Alesandro Roncaglia 14 The Political Economy of Social 6 The Evolutionist Economics of Credit and Guild Socialism Léon Walras Frances Hutchinson and Albert Jolink Brian Burkitt 7 Keynes and the ‘Classics’ 15 Economic Careers A study in language, epistemology Economics and economists in and mistaken identities Britain 1930–1970 Michel Verdon Keith Tribe 16 Understanding ‘Classical’ 25 Marx’s Concept of Money: Economics The God of Commodities Studies in the long­period theory Anitra Nelson Heinz Kurz and Neri Salvadori 26 The Economics of James Steuart 17 History of Environmental Edited by Ramón Tortajada Economic Thought E. Kula 27 The Development of Economics in Europe since 1945 18 Economic Thought in Edited by A.W. Bob Coats Communist and 28 The Canon in the History of Post- Communist Europe Economics Edited by Hans- Jürgen Wagener Critical essays Edited by Michalis Psalidopoulos 19 Studies in the History of French Political Economy 29 Money and Growth From Bodin to Walras Selected s of Allyn Abbott Young Edited by Gilbert Faccarello Edited by Perry G. Mehrling and Roger J. Sandilands 20 The Economics of John Rae Edited by O.F. Hamouda, 30 The Social Economics of C. Lee and D. Mair Jean- Baptiste Say Markets and virtue 21 Keynes and the Neoclassical Evelyn L. Forget Synthesis Einsteinian versus Newtonian 31 The Foundations of macroeconomics Laissez- Faire Teodoro Dario Togati The economics of Pierre de Boisguilbert 22 Historical Perspectives on Gilbert Faccarello Macroeconomics Sixty years after the ‘General 32 John Ruskin’s Political Theory’ Economy Edited by Philippe Fontaine and Willie Henderson Albert Jolink 33 Contributions to the History of 23 The Founding of Institutional Economic Thought Economics Essays in honour of R.D.C. Black The leisure class and sovereignty Edited by Antoin E. Murphy and Edited by Warren J. Samuels Renee Prendergast 24 Evolution of Austrian 34 Towards an Unknown Marx Economics A commentary on the manuscripts From Menger to Lachmann of 1861–63 Sandye Gloria Enrique Dussel 35 Economics and Interdisciplinary 43 The Contribution of Joseph Exchange Schumpeter to Economics Edited by Guido Erreygers Economic development and institutional change 36 Economics as the Art of Richard Arena and Cecile Dangel Thought Essays in memory of 44 On the Development of G.L.S. Shackle Long- run Neo- Classical Theory Edited by Stephen F. Frowen and Tom Kompas Peter Earl 45 F.A. Hayek as a Political Economist 37 The Decline of Ricardian Economic analysis and values Economics Edited by Jack Birner, Politics and economics in Pierre Garrouste and post­ Ricardian theory Thierry Aimar Susan Pashkoff 46 Pareto, Economics and Society 38 Piero Sraffa The mechanical analogy His life, thought and cultural Michael McLure heritage Alessandro Roncaglia 47 The Cambridge Controversies in Capital Theory 39 Equilibrium and Disequilibrium A study in the logic of theory in Economic Theory development The Marshall–Walras divide Jack Birner Michel de Vroey 48 Economics Broadly Considered 40 The German Historical School Essays in honour of The historical and ethical Warren J. Samuels approach to economics Edited by Steven G. Medema, Edited by Yuichi Shionoya Jeff Biddle and John B. Davis 49 Physicians and Political Economy 41 Reflections on the Classical Six studies of the work of Canon in Economics doctor­ economists Essays in honour of Edited by Peter Groenewegen Samuel Hollander Edited by Sandra Peart and 50 The Spread of Political Economy Evelyn Forget and the Professionalisation of Economists 42 Piero Sraffa’s Political Economy Economic societies in Europe, A centenary estimate America and Japan in the Edited by Terenzio Cozzi and nineteenth century Roberto Marchionatti Massimo Augello and Marco Guidi 51 Historians of Economics and 59 Marshall’s Evolutionary Economic Thought Economics The construction of disciplinary Tiziano Raffaelli memory Steven G. Medema and 60 Money, Time and Rationality in Warren J. Samuels Max Weber Austrian connections 52 Competing Economic Theories Stephen D. Parsons Essays in memory of Giovanni Caravale 61 Classical Macroeconomics Sergio Nisticò and Some modern variations and Domenico Tosato distortions James C. W. Ahiakpor 53 Economic Thought and Policy in Less Developed Europe 62 The Historical School of The nineteenth century Economics in England and Japan Edited by Michalis Psalidopoulos Tamotsu Nishizawa and Maria- Eugenia Almedia Mata 63 Classical Economics and 54 Family Fictions and Family Facts Modern Theory Harriet Martineau, Studies in long­period analysis Adolphe Quetelet and the Heinz D. Kurz and Neri Salvadori population question in England 1798–1859 64 A Bibliography of Female Brian Cooper Economic Thought to 1940 Kirsten K. Madden, Janet A. Sietz 55 Eighteenth- Century Economics and Michele Pujol Peter Groenewegen 65 Economics, Economists and 56 The Rise of Political Economy in Expectations the Scottish Enlightenment From microfoundations to Edited by Tatsuya Sakamoto and macroeconomics Hideo Tanaka Warren Young, Robert Leeson and William Darity Jnr 57 Classics and Moderns in Economics, Volume I 66 The Political Economy of Public Essays on nineteenth and twentieth Finance in Britain, 1767–1873 century economic thought Takuo Dome Peter Groenewegen 67 Essays in the History of 58 Classics and Moderns in Economics Economics, Volume II Warren J. Samuels, Essays on nineteenth and twentieth Willie Henderson, century economic thought Kirk D. Johnson and Peter Groenewegen Marianne Johnson 68 History and Political Economy 77 Money and Exchange Essays in honour of P.D. Folktales and reality Groenewegen Sasan Fayazmanesh Edited by Tony Aspromourgos and John Lodewijks 78 Economic Development and Social Change 69 The Tradition of Free Trade Historical roots and modern Lars Magnusson perspectives George Stathakis and 70 Evolution of the Market Process Gianni Vaggi Austrian and Swedish economics Edited by Michel Bellet, 79 Ethical Codes and Income Sandye Gloria- Palermo and Distribution Abdallah Zouache A study of John Bates Clark and Thorstein Veblen 71 Consumption as an Investment Guglielmo Forges Davanzati The fear of goods from Hesiod to Adam Smith 80 Evaluating Adam Smith Cosimo Perrotta Creating the wealth of nations 72 Jean- Baptiste Say and the Willie Henderson Classical Canon in Economics The British connection in French 81 Civil Happiness classicism Economics and human flourishing Samuel Hollander in historical perspective Luigino Bruni 73 Knut Wicksell on Poverty No place is too exalted 82 New Voices on Adam Smith Knut Wicksell Edited by Leonidas Montes and Eric Schliesser 74 Economists in Cambridge A study through their 83 Making Chicago Price Theory correspondence 1907–1946 Milton Friedman–George Stigler Edited by M.C. Marcuzzo and correspondence, 1945–1957 A. Rosselli Edited by J. Daniel Hammond
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