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Biological Analogies in Marshall's Work

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  • Niman, Neil B.

Abstract

Alfred Marshall, who once proclaimed that the Mecca of the economist lies in Economic Biology, is remembered more for the mechanical analogies contained in the appendices of his Principles of Economics. Subsequent revisions of Marshall based on the mechanical principles he incorporated into the theory of the firm (Robbins 1928; Pigou 1928), the theory of competition (Robinson 1933; Chamberlin 1933), and the theory of value (Hicks and Allen 1934), succeeded in completely removing the corpus of economic theory from the domain of biology.

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  • Niman, Neil B., 1991. "Biological Analogies in Marshall's Work," Journal of the History of Economic Thought, Cambridge University Press, vol. 13(1), pages 19-36, April.
    • Handle: RePEc:cup:jhisec:v:13:y:1991:i:01:p:19-36_00
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    Cited by:

    1. Erik S. Reinert & Vemund Riiser, "undated". "Recent trends in economic theory - implications for development geography," STEP Report series 199412, The STEP Group, Studies in technology, innovation and economic policy.
    2. Fritz Rahmeyer, 2010. "A Neo-Darwinian Foundation of Evolutionary Economics. With an Application to the Theory of the Firm," Discussion Paper Series 309, Universitaet Augsburg, Institute for Economics.
    3. Leonard, Thomas C., 2009. "Origins of the myth of social Darwinism: The ambiguous legacy of Richard Hofstadter's Social Darwinism in American Thought," Journal of Economic Behavior & Organization, Elsevier, vol. 71(1), pages 37-51, July.
    4. Lucie Vaskova, 2004. "Regional development: contribution of evolutionary biology," Post-Print halshs-00114801, HAL.
    5. Cassata, Francesco & Marchionatti, Roberto, 2011. "A transdisciplinary perspective on economic complexity. Marshall's problem revisited," Journal of Economic Behavior & Organization, Elsevier, vol. 80(1), pages 122-136.

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