Alfreds Mars-resound / Economist (19. Jh.)

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Alfred resound (* 26. July 1842 in Bermondsey with London; " 13 July 1924) was one of the most influential political economists of its time. It is considered as a representative of the Cambridger school of the Neoklassik and a name with the development of the micro-economic Partialanalyse made itself.

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Life

Mars-resound suffered under a very strict father, who would have seen it gladly as a priest.

Mars-resound studied with financial assistance of his uncle at pc. the John's college in Cambridge. There it received also its first Professur, which it had to give to 1877 up, since it married one of its students, which offended against the condition rules.

1883 it was appointed again to Cambridge. There it succeeded to it 1903 to establish the economics as independent academic subject. To its pupils there Keynes belonged under other John May pool of broadcasting corporations. 1908 it, its successor emeritierte became his pupil Arthur Cecil Pigou.

In its 1890 Principles OF Economics, which was prominent for long time in Great Britain, published book represented it many theories for the first time its time within a coherent framework and developed many analytic instruments, which belong today to the standard of the political economy.

Thus one finds for the first time a representation of the theory of demand and supply with him in the form of supplies and demand demands, in which he converted the principle of the falling marginal utility likewise for the first time. It compared the offer and demand curves thereby with the blade of shears. Therefore one speaks also of shears theorem, if one proceeds from a price quantity diagram with rise offer and falling demand curve. Mars-resound coined/shaped the term producer pension.

A formula Marshalls developed Abba further P later. Lerner. Since that time it is well-known as Mars resounding learning inheritance hiring.

Also led Mars-resound "ceteris paribus" - the clause as instrument.

There Mars-resound against the usual standard the price as argument in vertical direction cleared away, this exchanged form of the axle designation today traditionally in the economics one continues.

Of Mars-resound come the marshallschen rules.

See also: Price elasticity