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    Introduction

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    New knowledge on Marshall's work helps us to see him in a different perspective from that of a shy marginalist, who lacked the courage to march unhesitantingly towards Walras's general equilibrium. Recent developments in evolutionary economics, neuroeconomics and industrial economics vindicate many Marshallian intuitions, derived from his early interest in psychology and biology, though at the time held back by the backwardness of analytical tools. The text maintains that the book, of which it forms the introduction, provides a revaluation of Marshall's work, a better understanding of the interconnection between its analytical and non-analytical components, usually seen as opposite to each other, and helps to place partial equilibrium analysis in a wider context, as part and parcel of Marshall's evolutionary economics

    The Elgar Companion to Alfred Marshall

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    Since 1990, the Principles centenary year, there has been a resurgence of interest in Marshall’s work, with the publication of his correspondence, his early philosophical and historical manuscripts and his first biography. Moreover, Italian research on industrial districts has revisited the core of Marshall’s industrial economics and its relationship with his social philosophy. These new trends have invited a reassessment of Marshall’s legacy to contemporary economics and have had a profound impact on the role he is assigned in the history of economic thought. The book is the first attempt to reconsider Marshall’s work in the light of these new historical and theoretical perspectives. It places Marshall’s ideas in their historical context, highlighting their influence on the development of economic and social thought. Contributors include all leading Marshallian scholars, who provide carefully thought-out overviews and original interpretations of individual topics from different points of view
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