His second volume Industry and Trade discussed business organizations, and he would later argue the idea of time analysis as a way to reconcile cost of production with marginal utility.
His second volume Industry and Trade discussed business organizations, and he would later argue the idea of time analysis as a way to reconcile cost of production with marginal utility. Other works include Money, Credit, and Commerce, and an 1890 magnum opus that introduced concepts like elasticity of demand, consumer's surplus, quasi-rent, and the representative firm. FTP identify this pioneering British thinker and author of Principles of Economics.
His second volume Industry and Trade discussed business organizations, and he would later argue the idea of time analysis as a way to reconcile cost of production with marginal utility.
Alfred Marshall