Alfred Marshall

Jan 17, 2025 | econlib.org | Kevin Corcoran |Alfred Marshall |Scott Sumner |David Henderson

The title of this post is a nod to Alfred Marshall, who stressed that supply and demand analysis required we think about “both blades of the scissors.” Prices are not set by supply or demand alone – it is the interaction between the two that is crucial. It is for this reason Greg Mankiw once wisely commented that he was neither a supply-side economist nor a demand-side economist. He was a supply-and-demand economist.

Jun 9, 2024 | econlib.org | Jon Murphy |Alfred Marshall |Pierre Lemieux |Scott Sumner

For well over a century, economists have studied ways to make the law more efficient. While the Journal of Law & Economics (the premier field journal) was not founded until 1958, early 20th century economists like Alfred Marshall, A.C. Pigou, John Maynard Keynes, and many others were busy studying how economics can inform legislation to improve outcomes. However, moving from “blackboard” economics to the real world is a difficult endeavor.

Mar 11, 2024 | econtalk.org | Alfred Marshall |Adam Smith |George Stigler

0:37Intro. [Recording date: February 20, 2024.]Russ Roberts: Today is February 20th, 2024, and my guest is author and technology expert Azeem Azhar. He is the author of Exponential: Order and Chaos in an Age of Accelerating Technology, which is our general topic for today along with what is coming next. His Substack is Exponential View. Azeem, welcome to EconTalk. Azeem Azhar: Russ, it's really great to be on the show. Thank you. 1:01Russ Roberts: What is your background?

Nov 13, 2023 | econtalk.org | Milton Friedman |Henry George |Alfred Marshall |George Stigler

0:37Intro. [Recording date: October 11, 2023.]Russ Roberts: Today is October 11th, 2023, and my guest is historian Jennifer Burns of Stanford University where she is Associate Professor of History and a research fellow at the Hoover Institution. She was first here in October of 2017 talking about Ayn Rand. Her latest book and the topic of today's conversation is Milton Friedman: The Last Conservative. Jennifer, welcome back to EconTalk. Jennifer Burns: Yeah, thanks for having me, Russ.