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Alfred Marshall's Theory of Value

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  • Ragnar Frisch

Abstract

I. The various orders of change, 496. — II. Normal equilibrium with reference to short periods, 499. — III. Normal equilibrium with reference to long periods, 507. — IV. The relationship between short period normal and long period normal equilibrium, 519.

Suggested Citation

  • Ragnar Frisch, 1950. "Alfred Marshall's Theory of Value," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 64(4), pages 495-524.
    • Handle: RePEc:oup:qjecon:v:64:y:1950:i:4:p:495-524.
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    File URL: http://hdl.handle.net/10.2307/1884385
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    Citations

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    Cited by:

    1. François Courtoy & Michel de Vroey & Riccardo Turati, 2021. "What do we teach in Macroeconomics? Evidence of a theoretical divide," LIDAM Discussion Papers IRES 2021023, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    2. Michel De Vroey, 2000. "Marshall on equilibrium and time: a reconstruction," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 7(2), pages 245-269.
    3. Michel De Vroey, 2007. "Did The Market‐Clearing Postulate Pre‐Exist New Classical Economics? The Case Of Marshallian Theory," Manchester School, University of Manchester, vol. 75(3), pages 328-348, June.
    4. Erling Holmøy & Torbjørn Hægeland, 1997. "Aggregate Productivity Effects of Technology Shocks in a Model of Heterogeneous Firms: The Importance of Equilibrium Adjustments," Discussion Papers 198, Statistics Norway, Research Department.
    5. J. Stanley Metcalfe, 2007. "Alfred Marshall's Mecca: Reconciling the Theories of Value and Development," The Economic Record, The Economic Society of Australia, vol. 83(s1), pages 1-22, September.
    6. Luca Zamparelli, 2009. "Average cost and marginal cost pricing in Marshall: Textual analysis and interpretation," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 16(4), pages 665-694.
    7. Agnar Sandmo, 2019. "A fundamental externality in the labour market? Ragnar Frisch on the socially optimal amount of work," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 26(1), pages 129-156, January.
    8. Gilbert Koenig, 1986. "Le concept keynésien du coût d'usage et les prévisions du producteur," Revue Économique, Programme National Persée, vol. 37(4), pages 697-722.
    9. Michel De Vroey, 2001. "L'histoire des théories économiques sous le prisme de l'hétérodoxie. Une analyse critique de l'Histoire de la pensée économique de Ghislain Deleplace," Cahiers d'Économie Politique, Programme National Persée, vol. 38(1), pages 115-133.
    10. Joan-Severo Chumbita, 2020. "Alfred Marshall, autor del siglo XX: desempleo involuntario, monopolio, amortización acelerada, competencia por nuevos productos e intervención estatal orientada a alcanzar el producto máximo," Ensayos de Economía 19130, Universidad Nacional de Colombia Sede Medellín.
    11. Erling Holmøy, 2003. "Aggregate Industry Behaviour in a Monopolistic Competition Model with Heterogeneous Firms," Discussion Papers 352, Statistics Norway, Research Department.
    12. Michel De Vroey, 2005. "Marshall versus Walras on Equilibrium and Time," Discussion Papers (ECON - Département des Sciences Economiques) 2005047, Université catholique de Louvain, Département des Sciences Economiques.

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