This man introduced the concepts of elasticity of demand, consumerÕs surplus, quasi-rent and the representative firm in his magnum opus. He also introduced time as a factor into analysis, thus reconciling the ideas of Adam Smith with the Austrian sch  ool. FTP, name this author of Principles of Econ
This man introduced the concepts of elasticity of demand, consumerÕs surplus, quasi-rent and the representative firm in his magnum opus. He also introduced time as a factor into analysis, thus reconciling the ideas of Adam Smith with the Austrian sch  ool. FTP, name this author of Principles of Economics, a British economist of the early twentieth century.
This man introduced the concepts of elasticity of demand, consumerÕs surplus, quasi-rent and the representative firm in his magnum opus.
Alfred Marshall