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Marshall, Alfred

Born: 1842 AD
Died: 1924 AD
Nationality: English
Categories: Economists

1842 – Alfred Marshall, born on the 26th of July in Bermondsey, London, England. He became one of the most influential economists of his time.

1868 – He became a professor specializing in political economy.

1879 – His works were compiled together into a work entitled The Pure Theory of Foreign Trade: The Pure Theory of Domestic Values.

       – In the same year he published The Economics of Industry with his wife Mary Paley Marshall.

1881 – Achieved a measure of fame from this work, and upon the death of William Jevons, he became the leading British economist of the scientific school of his time.

1884 – Returned to Cambridge to take the seat as Professor of Political Economy.

1890 – His book, Principles of Economics, brings the ideas of supply and demand, of marginal utility and of the costs of production into a coherent whole.

1890 – 1924 – He was the respected father of the economic profession and to most economists for the half-century after his death, the venerable grandfather.

1923 – He published Money, Credit, and Commerce, a broad amalgam of previous economic ideas, published and unpublished, stretching back a half-century.

1924 – Died at his home, Balliol Croft, in Cambridge, England on the 13th of July at the age of 81.