Alfred Marshall

1842–1924

Nationality: English

Historical Period: The 19th Century

Alfred Marshall, English economist at the University of Cambridge, reconciled many neoclassical economic concepts and introduced many of the modern terms and diagrams used today by economists. His teaching covered marginal utility, elasticity of demand, production costs, and consumer surplus.

• Foreword: The Postulates of English Political Economy
• Author: Principles of Economics (8th ed.)