Alfred Marshall and Neoclassicism: Economics Becomes a Science Audiobook, by Robert Hébert Play Audiobook Sample

Download Alfred Marshall and Neoclassicism: Economics Becomes a Science Audiobook

Alfred Marshall and Neoclassicism: Economics Becomes a Science Audiobook, by Robert Hébert Play Audiobook Sample
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Author: Robert Hébert Narrator: Louis Rukeyser Publisher: Knowledge Products Audio Length: Series:The Great Economic Thinkers Series Release Date: April 2006 Format: Unabridged Audiobook Delivery: Instant Download ISBN: 9781481538718

Publisher Description

Alfred Marshall (1842–1924), a British economics professor at Oxford University, developed economics into a more rigorous, professional discipline than ever before. He invented concepts such as price elasticity, the representative firm, consumer’s surplus, and other ideas that significantly enlarged the “analytical tool kit” of the economist.

Darwin’s ideas about biological evolution especially influenced Marshall, who learned a great deal about economic behavior by viewing a business firm as a biological organism, complete with a life cycle. He is perhaps best remembered for explaining the interaction of supply (i.e. costs of production) and demand (i.e. consumer utility), using the famous “scissors” metaphor to explain how these forces determine the price of an object.

The Great Economic Thinkers series is a collection of presentations that explain, in understandable language, the major ideas of history’s most important economists. Special emphasis is placed on each thinker’s attitude toward capitalism, revealing their influence in today’s debate on economic progress and prosperity.

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About the Narrator

Louis Rukeyser (1933–2006), narrator of the Great Economic Thinkers and the Secrets of the Great Investors series, was recognized as America’s most popular economic commentator. He was known and admired for his ability to discuss economics in a lively and insightful way.