The English economist Alfred Marshall (1842-1924) was the founder of the "new economics." He rejected the traditional definition of economics as the "science of wealth" to establish a discipline concerned with social welfare. Alfred Marshall was born...

The British economist Alfred Marshall was one of the dominant figures in his subject during the late nineteenth and early twentieth centuries. His 1890 master-work, the Principles of Economics, introduced many of the tools and concepts that economists...

The Cambridge economist who dominated economics in the UK from the late nineteenth century to the 1930s. After graduating in mathematics from Cambridge in 1865 and becoming a fellow of St John’s College, Cambridge, he turned to the study of...

Alfred Marshall (July 26 1842–July 13 1924), born in Bermondsey, London, England, became one of the most influential economists of his time. His book, Principles of Economics (1890), brings the ideas of supply and demand, of marginal utility and...