Alfred Marshall
historical figure · 1 work · 1 mention · 4 anchored passages · author page · the sources this author draws on
Professor Alfred Marshall · Professor Marshall
in the texts
Economics of Socialism
English economist, Jevons's chief disciple and the leading academic proponent of the final utility theory, also criticized for his Consumers' Rent concept.
Professor Alfred Marshall takes the distinction, without a word of acknowledgment, from Marx, but does not know what to do with it when he has got it.
The theory is, of course, associated with the name of the late Professor Stanley Jevons, and is accepted at the present time by many academic economists, of whom the chief is Professor Alfred Marshall.
Professor Marshall’s hallucination assumes the shape of “Consumers’ Rent.