The Economics Tripos and the Marshallian School in the Making--With Special Reference to His Industrial Economics

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My paper focuses on the making of Economics Tripos in Cambridge and what the Marshallian School was really like, in special reference to his industrial economics, or the 'science of business', compared with Ashley's Faculty of Commerce at Birmingham, and his 'business economics'. First I shall discuss Marshall's "Plea" for the creation of Cambridge School, and how Marshall tried to liberate Economics 'from the incubus of moral sciences', stressing how Marshall thought much of 'Economics, mainly Realistic', or Applied Economics. Then I shall discuss Ashley's 'Business Economics'. Thirdly I shall investigate how Marshall's Industry and Trade was composed, discussing Walter Layton and his scheme for a 'Professorship of industrial and commercial economics'.A wave of enthusiasm for education is evidently passing over the business world.... We are convinced that a rare opportunity is offered to Economics, and that it may gain a position of great influence, if it can succeed in demonstrating that it is the 'science of business'. [L.L. price 1902: 227-28] Fifty years ago nine-tenths of those changes, which have enabled the working classes to have healthy homes and food, originated in England. Now, ...Americans and Germans jeer at the way in which many of our business men give their energies to pleasure, and play with their work; and they say, truly as I believe, 'unless you completely shake off the habits that have grown on you in the last thirty years, you will go to join Spain. [Marshall to Brooke Foss Westcott, 20 January 1901. II: 293-94]


  • The Economic review

    The Economic review 55(4), 358-378, 2004-10



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