Alfred Marshall: Critical Assessments

aggregate amount analysis appears argues argument assumed assumption average become called capital commodity competition concept considered constant consumer cost course defined definition demand curve depends derived determined developed discussion distribution economic edition effect efficiency elasticity equal Equation equilibrium example fact factors fall Figure fixed follows function give given Hicks important income increase individual industry interest interpretation investment Journal labour land later less marginal utility Marshall Marshall's Marshallian mathematical means measure nature necessary normal Note output particular position possible present Principles problem production Professor profits purchasing quantity question real income reason reference regarded relation remains rent representative firm respect result returns rise seems short period situation suggested supply supply curve surplus theory things tion trade trade unions true unit variable wages whole worker