Alfred Marshall, Professor of Economics at Cambridge University (1885-1908), produced a distinguished a distinguished crop of students, many of them leaders in the economics profession in subsequent generations. Pigou, Keynes and Denis Robertson are undoubtedly the most famous of these Marshall ‘pupils’ but there were many more, even if more minor forces in the development of early twentieth century economics. This book intends to examine the major work of ten of these ‘minor’ Marshallians – Sydney John Chapman (1871-1951), John Harold Clapham (1873-1946), Charles Ryle Fay (1884-1961), Alfred William Flux (1867-1942), Frederick Lavington (1881-1927), Walter Thomas Layton (1884-1966), David Huchinson MacGregor (1827-1953), Joseph Shield Nicholson (1850-1927), Charles Percy Sanger (1871-1930) and Gerald Francis Shove (1888-1947), to name them in alphabetical order.
The broad aim of this book is to evaluate the more important contributions of these ‘minor’ Marshallians by selective examination of their major economic work. That evaluation has at least two dimensions. First, it focuses on the significance of the author’s individual contributions to the development of twentieth century economic thought. Secondly, it attempts to assess the Marshallian credentials of these contributions in order to indicate how Marshallian in their economics these ‘pupils’ of Marshall’s economics teaching actually stayed.
1. Introduction: Ten Minor Marshallians as part of the Marshallian School of Economics: Some Definitional Issues 2. Joseph Shield Nicholson (1850-1927): An Early Economics Associate and Student of Marshall, but One Not Quite What He Qanted 3. Alfred William Flux (1867-1942): A Mathematician Successfully ‘Caught’ for Economics by Marshall 4. Sydney John Chapman (1871-1951): Labour Economics, Public Finance, Economic Principles and Economic History: A Student of Marshall with Great Academic Distinction 5. Charles Percy Sanger (1871-1930): A Student ‘Worth Teaching’ for Marshall and Subsequent Contributor to Demand Theory and Mathematical Economics 6. John Harold Clapham (1873-1946): A ‘Marshallian’ Cambridge Economic Historian and Gadfly ? 7. David Hutchinson MacGregor (1877-1953): Industry Economics, Economic Thought and Policy 8. Frederick Lavington (1881-1927): Exploring the English Capital Market and the Trade Cycle from a Marshallian Perspective 9. Charles Ryle Fay (1884-1961): A Devoted Co-operator and Teacher of Economic History: One of Marshall’s ‘Favourite’ Cambridge Pupils 10. Walter Thomas Layton (1884-1966) on the Relations of Capital and Labour: A Marshallian Pur Sang? 11. Gerald Francis Shove (1888-1947): An Inspired Contributor to the Theory of Costs and of the Firm in the Marshallian Tradition 12. Conclusions