Marshall's organic growth theory
<title>Abstract</title> This paper critically assesses Marshall's organic growth theory. Although Marshall insisted that economic biology is ‘the economist's Mecca,’ he did not originally develop the organic growth theory. However, we focus on the concept of ‘organic growth’ and explore Marshall's idea of economic biology. We discuss the concept of ‘organic,’ the structure of the organic growth theory, and the relationship between mechanical economics and economic biology. In particular, we focus on the last chapter of the fifth edition of <italic>Principles of Economics</italic>. Marshall did not develop his theory in these subjects.
Year of publication: |
2012
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Authors: | Yamamoto, Kenichi ; Egashira, Susumu |
Published in: |
The European Journal of the History of Economic Thought. - Taylor & Francis Journals, ISSN 0967-2567. - Vol. 19.2012, 2, p. 227-248
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Publisher: |
Taylor & Francis Journals |
Saved in:
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