Short biography of alfred marshall

British economist (1842–1924)

For other people named Alfred Marshall, see Alfred Marshall (disambiguation).

Alfred MarshallFBA (26 July 1842 – 13 July 1924) was an English economist and one of the most influential economists of his time.

His book Principles of Economics (1890) was the dominant economic textbook in England for many years. It brought the ideas of supply and demand, marginal utility, and costs of production into a coherent whole.^[2] He is known as one of the founders of neoclassical economics.^[3]

Life and career

Marshall was born at Bermondsey in London, second son of William Marshall (1812–1901), clerk and cashier at the Bank of England, and Rebecca (1817–1878), daughter of butcher Thomas Oliver, from whom, on her mother's death, she inherited property.^[4] William Marshall was a devout strict Evangelical,^[5] "author of an Evangelical epic in a sort of Anglo-Saxon language of his own invention which f