Alfred Marshall Biography

This Biography consists of approximately 3 pages of information about the life of Alfred Marshall.
This section contains 650 words
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Encyclopedia of World Biography on Alfred Marshall

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 in London on July 26, 1842, the son of a cashier at the Bank of England. At Cambridge he abandoned plans to enter the Anglican clergy and graduated in mathematics. Elected to a Cambridge fellowship, Marshall planned then to pursue molecular physics. Instead, he was drawn first to metaphysics, particularly ethics, which he studied in Germany for a year, then to psychology, and finally to economics as a practical means for implementing ethics.

In 1868 Marshall's college, St. John's, established a special lectureship for him in moral science. In 1875 he returned from a study of trade protection in the United States to attempt to make political economy a serious subject at Cambridge. When, in...

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This section contains 650 words
(approx. 3 pages at 300 words per page)
Buy the Alfred Marshall Biography
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Alfred Marshall from Gale. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.
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