This highly illuminating book marks a significant stage in our growing understanding of how the development of national traditions of economic thought has been affected by both internal and external factors.

Marshall’s contribution to welfare economics is often summarized in the analytical tools developed in his Principles of Economics. Nonetheless, Marshall’s welfare economics cannot be reduced to the analysis developed in Principles. There are other writings where it is possible to find a more...

Marshall decided to dedicate his life and career to economic studies because of the increasing urgency of the problem of poverty and of the so-called Residuum. This explains why, for him, the most important goal was to find the ways and the means to economic, social and human progress, which he...