Course video: Alfred Marshall and the neoclassical synthesis

Here’s the next video from my history of economic thought course, on Alfred Marshall.

Alfred Marshall and the Neoclassical Synthesis from Lynne Kiesling on Vimeo.

Alfred Marshall was one of the most important economists shaping the field as we practice it today. By synthesizing the classical economics focus on production and costs with the new marginal utility theory of value and the concept of subjective utility, Marshall created the neoclassical synthesis. He also formalized elasticity, the theory of the firm, and welfare analysis.

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One thought on “Course video: Alfred Marshall and the neoclassical synthesis

  1. By the way, Ed, they had to edit me a lot to get this puppy down to 8 minutes, so there’s a bit more of that flashing from one cut to another that you didn’t like in the Smith TMS video. Fair warning!

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