This is a unique and detailed book which surveys the diffusion and reception of Alfred Marshall’s ideas and the ways they have influenced the development of economic science up to the present day. -- This is an accessible and extremely readable work offering an interesting perspective on the...

Foreword -- Part One: Revisiting Marshall’s Economics -- 1. Alfred Marshall in the Lower Valdarno -- 2. The organization of knowledge and knowledge as organization -- 3.Raffaelli on historical progress in Smith and in Marshall -- 4. Marshall's external economies. Economic evolution and...

<title>Abstract</title> In <italic>The Economics of Welfare</italic>, Pigou develops the idea of what will be widely known as ‘Pigouvian tax’. Together with the concept of externality, they constituted two of the most important founding elements of modern welfare economics. Many have suggested that, on the way he treated...

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...

Institutionalism did exert a great influence both in the academia and in politics in the interwar period. However, after World War II, it lost ground and was pushed behind the scenes, although some distinguished exponents reached a remarkable success. In the 1970s, a new and very different kind...

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...