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Alfred Marshall y el banco central: Política monetaria
Full text linkEditada en la Fundación Empresa PúblicaComo resultado de sus contribuciones a la teoría monetaria, Alfred Marshall propuso una renovación institucional decisiva dentro del sistema monetario: defendió un sistema de banca central con argumentos más racionales que los de sus predecesores —especialmente Walter Bagehot— y concedió un papel mucho más importante a la autoridad monetaria en el control de la política monetaria (especialmente en la lucha anticíclica). Marshall no contempló el sistema de banco central como «mal menor», sino como uno superior a cualquier plan basado en la convertibilidad para luchar contra los males de la moneda: fluctuaciones de su valor y ciclos del crédito. Sus ideas en política monetaria fueron semilla para las de John Maynard Keynes, y su relevancia sirvió para que las de éste encontrasen el terreno abonado.Based on his contributions to monetary theory, Alfred Marshall expounded on an important institutional innovation in the monetary system: he defended a central bank with more theoretical based arguments than his predecessors did —particularly Walter Bagehot— and he gave a leading role to the monetary authority in managing and controlling monetary policy (especially for countering the cycle). Marshall did not see the central bank system as a «minor evil» but a superior framework —even to any plan based on convertibility— to solve the problem of fluctuations in the value of money and credit cycles. His ideas in monetary policy were the seed for the Cambridge School and their relevance helped to prepare the way for spreading the proposals of John Maynard Keynes about monetary policy.Publicad
Aspectos macroeconómicos del pensamiento de Alfred Marshall: Teoría monetaria
Full text linkAlfred Marshall ha pasado a la historia de la teoría económica como maestro en el
campo microeconómico. Sus aportadones a las teorías de valor, la demanda, la oferta,
la distribución o la organización industrial han eclipsado otras, no menos significativas,
a las teorías del dinero, los ciclos, o del comercio internacionaL El presente trabajo
quiere recoger algunas de esas contribuciones, si bien se centra en su teoría monetaria
que, formulada por encima de intereses prácticos o de política, ha resultado ser un eslabón
esencial en la trasmisión de la teoría monetaria que ha llegado hasta nuestros
días.Alfred Marshall has long been recognised as an important figure in the development
of rigorous microeconomic theory. His contributions to the theories of value, demmand, supply, distribution and industrial otganization have (often overshadowed his other,
no less significant, contributions to theories of money, business cycles, and
international trade. This paper concentrates on MarshalTs influence on monetaiy
theory, which carries forward to this day, and argues that this theory of money did not
arise from his role as an adviser to the British ParlamentPublicad
Alfred Marshall: labour and organisation: Two factors of production
Full text linkThe classical theory of production concentrated on a combination of three factors — land, capital and labour. Then Alfred Marshall introduced a fourth factors, organisation and entrepreneurship. The vital concept of Marshall’s economics is organic growth. He developed the theory of organic growth of society in his economics. In the theory of organic growth. Labour and Organisation; the labouring class and the entrepreneur play an important role. Then Marshall wanted to increase ' the standard of life' in the labouring class and raise the ability of the entrepreneur. Marshall was very interested in the labouring class and it is starting point of his economics. It can be said that Marshall's economics is labour economics. He wanted the labouring class to escape the poverty trap and advance into the gentleman class. This thesis was clarified that Marshall pointed out some methods of increase "the standard of life”. In this thesis, the definition of an entrepreneur which had been neglected in economic theory was clarified. The great economist in the past did not always have an economic theory, which included the concept of the entrepreneur. Again in modern economic theory, the concept of the entrepreneur was neglected, since the theories which centered around equilibrium did not pay attention to the entrepreneur. However, Marshall's economic theory has a theory of the entrepreneur and he discussed some functions of the entrepreneur. Marshall wanted the entrepreneur to raise the entrepreneurial ability. Marshall wanted to make up the circle leading to an increased standard of life in the labouring class and the entrepreneurship, leading to high productivity and thus perpetuating organic growth. In this thesis it was clarified that Marshall regarded the entrepreneur and the labouring class as a vital factor of production which causes organic growth
The Correspondence of Alfred Marshall, Economist
No full textThis is the second of a three-volume work constituting a comprehensive, scholarly edition of the correspondence of the English economist, Alfred Marshall (1842–1924), one of the leading figures in the development of economics and the founder of the Cambridge School of Economics. The edition fills a long-standing gap in the history of economic thought with hitherto unpublished material. Students will find it a basic resource for understanding the development of economics and other social sciences in the period since 1870. In particular, it provides much new information about Marshall's views on economic, social and political issues, his struggles to promote the teaching of economics at the University of Cambridge, and his relations with colleagues in Cambridge and elsewhere. Marshall's letters are notable for their frankness and spontaneity.</jats:p
The Correspondence of Alfred Marshall, Economist
No full textThis is the third of a three-volume work constituting a comprehensive, scholarly edition of the correspondence of the English economist, Alfred Marshall (1842–1924), one of the leading figures in the development of economics and the founder of the Cambridge School of Economics. The edition fills a long-standing gap in the history of economic thought with hitherto unpublished material. Students will find it a basic resource for understanding the development of economics and other social sciences in the period since 1870. In particular, it provides much new information about Marshall's views on economic, social and political issues, his struggles to promote the teaching of economics at the University of Cambridge, and his relations with colleagues in Cambridge and elsewhere. Marshall's letters are notable for their frankness and spontaneity.</jats:p
Regions, Nations and Beyond In Marshallian External Economies
Full text linkThe clearest expressions of Marshallian external economies are found in the life and working of compact industrial districts. However Alfred Marshall did not limit their application to such types of places, nor to their territorial scale. This paper illustrates some important extensions found in Marshall’s works, particularly in Industry and Trade, concerning firstly the advantages accruing to industrial districts within larger industrial regions and national contexts. The concept of a national capital including technical, human and social resources, or of a “Marshallian capital” as Silvio Goglio proposed to call it, plays a pivotal role in suggesting both the common nature of the different expressions and scales of Marshallian external economies, and the possible interrelation between them. Processes and conditions associated by Marshall to either non place-bound or distant trans-local contexts of external economies are considered too. An implicit and open multi-territorial framework emerges. Some of its different meanings are discussed in the conclusions of this paper with the help of interpreta-tions of industrial districts, regions, nations, and global networks developed after Mar-shall, starting from those of Austin Robinson and Giacomo Becattini.External economies; Alfred Marshall; industrial districts, regions and nations
Alfred Marshall, ca. 1867
No full textAlfred Marshall, Class of 1866, New Market Cadet, and Assistant Professor of Math and Tactics, 1866-1867. He died in 1870. He was one of the founders of Alpha Tau Omega Fraternity
by Alfred Marshall
No full textAlfred Marshall was elected to the Chair of Political Economy at the University of Cambridge in December 1884. He gave his inaugural lecture on The present position of economics on 24 February 1885 (Groenewegen, 1995: ch. 10). An abridged version of this lecture is presented below.
Alfred Marshall, founder of Alpha Tau Omega
No full textAlfred Marshall, Class of 1866, New Market Cadet, and Assistant Professor of Math and Tactics, 1866-1867. He died in 1870. He was one of the founders of Alpha Tau Omega Fraternity.Condition: goo
Official Papers of Alfred Marshall
No full textThis book constitutes a supplement to the 1926 account of Alfred Marshall's Official Papers edited by John Maynard Keynes. The book presents material which Keynes did not include, editorial notes and introductions to the various pieces. It focuses on the advice that Marshall, a founding father of modern economics, offered to the British government in the late nineteenth century. The topics covered include education, the role of women, trade unions, unemployment, public enterprise, the quantity theory of money, inflation and trade, benefits of free trade and dangers of protection. The material offers valuable insights into policy thinking at the time, much of which has a surprising degree of relevance to pressing policy issues during our own time. The contents facilitates understanding this doyen of British economics and founder of the Cambridge School of Economics.</jats:p
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