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Download Alfred Marshall and Neoclassicism: Economics Becomes a Science Audiobook

Extended Audio Sample Alfred Marshall and Neoclassicism: Economics Becomes a Science, by Robert Hébert Click for printable size audiobook cover
3.5 out of 53.5 out of 53.5 out of 53.5 out of 53.5 out of 5 3.50 (0 ratings) (rate this audio book) Author: Robert Hébert Narrator: Louis Rukeyse Publisher: Knowledge Products Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Related: The Great Economic Thinkers Series Release Date:
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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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