ECONOMICS. An Inaugural Lecture GIVEN IN THE SENATE HOUSE AT CAMBRIDGE 24 FEBRUARY, 1885. BY ALFRED MARSHALL, M.A. PROFESSOR OF POLITICAL ECONOMY IN THE UNIVERSITY OF CAMBRIDGE; FORMERLY FELLOW OF ST JOHN'S COLLEGE, CAMBRIDGE. CONTENTS. § 2. The change of front made by Economics in the present generation is not chiefly due to an increased study of § 3. But to more insight into the changefulness of human nature and institutions. This was but one side of a general broadening of scientific thought, influenced by § 4. The older school argued as though the world were made § 5. This vitiated their treatment of the labour question § 6. The teaching of the socialists with regard to the per- § 7. The economists were thought to lay down universal dogmas. What they really were working towards was |