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Alfred Marshall
Alfred Marshall (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 (Marshall), Principles of Economics'' (1890) was the dominant economic textbook in England for many years, and brought the ideas of supply and demand, marginal utility, and costs of production into a coherent whole, popularizing the modern Neoclassical economics, neoclassical approach which dominates microeconomics to this day. As a result, he is known as the father of scientific economics. Life and career Marshall was born at Bermondsey in London, the second son of William Marshall (1812–1901), a 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. Marshall had two brothers and two sisters; a cousin was the economist Ralph George Hawtrey, Ralph Hawtrey. The Marshalls were a West Country clergy, clerical f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Principles Of Economics (Marshall)
''Principles of Economics'' is a leading political economy or economics textbook of Alfred Marshall, first published in 1890. It was the standard text for generations of economics students. Called his '' magnum opus'', it ran to eight editions by 1920. A ninth ( variorum) edition was published in 1961, edited in 2 volumes by C. W. Guillebaud.Whittaker, J.K. (1987). "Marshall, Alfred," ''The New Palgrave: A Dictionary of Economics'', p. 363. Writing Marshall began writing the ''Principles of Economics'' in 1881 and he spent much of the next decade at work on the treatise. His plan for the work gradually extended to a two-volume compilation on the whole of economic thought; the first volume was published in 1890 to worldwide acclaim that established him as one of the leading economists of his time. The second volume, which was to address foreign trade, money, trade fluctuations, taxation, and collectivism, was never published at all. Over the next two decades he worked to comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neoclassical Economics
Neoclassical economics is an approach to economics in which the production, consumption, and valuation (pricing) of goods and services are observed as driven by the supply and demand model. According to this line of thought, the value of a good or service is determined through a hypothetical maximization of utility by income-constrained individuals and of profits by firms facing production costs and employing available information and factors of production. This approach has often been justified by appealing to rational choice theory. Neoclassical economics is the dominant approach to microeconomics and, together with Keynesian economics, formed the neoclassical synthesis which dominated mainstream economics as "neo-Keynesian economics" from the 1950s onward. Classification The term was originally introduced by Thorstein Veblen in his 1900 article "Preconceptions of Economic Science", in which he related marginalists in the tradition of Alfred Marshall ''et al.'' to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Sidgwick
Henry Sidgwick (; 31 May 1838 – 28 August 1900) was an English Utilitarianism, utilitarian philosopher and economist and is best known in philosophy for his utilitarian treatise ''The Methods of Ethics''. His work in economics has also had a lasting influence. He was the Knightbridge Professor of Philosophy, Knightbridge Professor of Moral Philosophy at the University of Cambridge from 1883 until his death. He was one of the founders and first president of the Society for Psychical Research and a member of the Metaphysical Society and promoted the higher education of women. In 1875, with Millicent Garrett Fawcett, he co-founded Newnham College, a women-only constituent college of the University of Cambridge. It was the second Cambridge college to admit women, after Girton College, Cambridge, Girton College. In 1856, Sidgwick joined the Cambridge Apostles intellectual secret society. Biography Henry Sidgwick was born at Skipton in Yorkshire, where his father, the Reverend W. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second Wrangler
At the University of Cambridge in England, a "Wrangler" is a student who gains first-class honours in the Mathematical Tripos competition. The highest-scoring student is the Senior Wrangler, the second highest is the Second Wrangler, and so on. By contrast, the person who achieves the lowest exam marks while still earning a third-class honours degree (that is, while still earning an honours degree at all) is known as the wooden spoon. History Until 1909, the university made the rankings public. Since 1910, it has publicly revealed only the class of degree gained by each student. An examiner reveals the identity of the Senior Wrangler "unofficially" by tipping his hat when reading out the person's name, but other rankings are communicated to each student privately. Therefore, the names of only some 20th-century Senior Wranglers (such as Crispin Nash-Williams, Christopher Budd, Frank P. Ramsey, Donald Coxeter, Kevin Buzzard, Jayant Narlikar, George Reid and Ben J. Green) h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merchant Taylors' School, Northwood
Merchant Taylors' School is an 11–18 boys Public school (United Kingdom), public day school, founded in 1561 in London. The school has occupied various campuses. From 1933 it has been at Sandy Lodge, a site close to Northwood, London, Northwood in the Three Rivers (district), Three Rivers district of Hertfordshire. The school has 1100 students between the ages of 11 and 18. The school is an all-through school from age 3 to 18 after merger with Northwood Prep School in 2015. Founded in 1561 by Sir Thomas White (merchant), Thomas White, Sir Richard Hilles, Emanuel Lucar and Stephen Hales, it was one of the nine English Public school (UK), public schools investigated by the Clarendon Commission set up in 1861, and successfully argued that it should be omitted from the Public Schools Act 1868, as did St Paul's School, London, the other day school investigated by the Clarendon Commission. History Establishment, 1561 The school was founded in 1561 by Thomas White (merchant), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clapham
Clapham () is a district in south London, south west London, England, lying mostly within the London Borough of Lambeth, but with some areas (including Clapham Common) extending into the neighbouring London Borough of Wandsworth. History Early history The present day Clapham High Street is on the route of a Roman roads in Britannia, Roman road. The road is recorded on a Roman monumental stone found nearby. According to its inscription, the stone was erected by a man named Vitus Ticinius Ascanius. It is estimated to date from the 1st century AD. (The stone was discovered during building works at Clapham Common South Side in 1912. It is now placed by the entrance of the former Clapham Library, in the Old Town.) According to the history of the Clapham family, maintained by the College of Heralds, in 965 King Edgar of England gave a grant of land at Clapham to Jonas, son of the Duke of Lorraine, and Jonas was thenceforth known as Jonas "de [of] Clapham". The family remained in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clergy
Clergy are formal leaders within established religions. Their roles and functions vary in different religious traditions, but usually involve presiding over specific rituals and teaching their religion's doctrines and practices. Some of the terms used for individual clergy are clergyman, clergywoman, clergyperson, churchman, cleric, ecclesiastic, and vicegerent while clerk in holy orders has a long history but is rarely used. In Christianity, the specific names and roles of the clergy vary by denomination and there is a wide range of formal and informal clergy positions, including deacons, elders, priests, bishops, cardinals, preachers, pastors, presbyters, ministers, and the pope. In Islam, a religious leader is often known formally or informally as an imam, caliph, qadi, mufti, sheikh, mullah, muezzin, and ulema. In the Jewish tradition, a religious leader is often a rabbi (teacher) or hazzan (cantor). Etymology The word ''cleric'' comes from the ecclesia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Country
The West Country is a loosely defined area within southwest England, usually taken to include the counties of Cornwall, Devon, Dorset, Somerset and Bristol, with some considering it to extend to all or parts of Wiltshire, Gloucestershire and Herefordshire."Which counties make up the West Country?", ''YouGov.co.uk'', 23 October 2019 Retrieved 22 June 2021 The West Country has a distinctive regional English dialect and accent, and is also home to the . Extent |
Ralph George Hawtrey
Sir Ralph George Hawtrey (22 November 1879, Slough – 21 March 1975, London) was a British economist, and a close friend of John Maynard Keynes. He was a member of the Cambridge Apostles, the University of Cambridge intellectual secret society. He took a monetary approach towards the economic ups and downs of industry and commerce, advocating changes in the money supply through adjustment in the bank rate of interest, foreshadowing the later work of Keynes. In the 1920s, he advocated what was later called the Treasury View. He also advanced in 1931 the concept that became known as the multiplier, a coefficient showing the effect of a change in total national investment on the amount of total national income. It was his view that the botched attempt to restore the international gold standard led to the Great Depression. He had played a key role in the Genoa Conference of 1922, which attempted to devise arrangements for a stable return to the gold standard. Life and career ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bermondsey
Bermondsey ( ) is a district in southeast London, part of the London Borough of Southwark, England, southeast of Charing Cross. To the west of Bermondsey lies Southwark, to the east Rotherhithe and Deptford, to the south Walworth and Peckham, and to the north is Wapping across the River Thames. It lies within the historic county boundaries of Surrey. During the Industrial Revolution Bermondsey became a centre for manufacturing, particularly in relation to tanning. More recently it has experienced regeneration including Loft, warehouse conversions to flats and the provision of new transport links. History Toponymy Bermondsey may be understood to mean ''Beornmund''s island; but, while ''Beornmund'' represents an Old English language, Old English personal name, identifying an individual once associated with the place, the element "-ey" represents Old English ''eg'', for "island", "piece of firm land in a fen", or simply a "place by a stream or river". Thus Bermondsey need n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyses what is viewed as basic elements within economy, economies, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and Expenditure, investment expenditure interact; and the factors of production affecting them, such as: Labour (human activity), labour, Capital (economics), capital, Land (economics), land, and Entrepreneurship, enterprise, inflation, economic growth, and public policies that impact gloss ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Costs Of Production
Cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer. Usually, the price also includes a mark-up for profit over the cost of production. More generalized in the field of economics, cost is a metric that is totaling up as a result of a process or as a differential for the result of a decision. Hence cost is the metric used in the standard modeling paradigm applied to economic processes. Costs (pl.) are often further described based on their timing or their applicability. Types of accountin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
