The Marshallian demand function was named after an economist known as one of the founders of what?
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Marshallian demand function In microeconomics, a consumer's Marshallian demand function (named after Alfred Marshall) specifies what the consumer would buy in each price and income or wealth situation, assuming it perfectly solves the utility maximization problem. Marshallian demand is sometimes called Walrasian demand (named after Léon Walras) or uncompensated demand function instead, because the original Marshallian analysis refused wealth effects.
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Alfred Marshall Alfred Marshall (26 July 1842 – 13 July 1924) was one of the most influential economists of his time. His book, "Principles of Economics" (1890), was the dominant economic textbook in England for many years. It brings the ideas of supply and demand, marginal utility, and costs of production into a coherent whole. He is known as one of the founders of neoclassical economics. Although Marshall took economics to a more mathematically rigorous level, he did not want mathematics to overshadow economics and thus make economics irrelevant to the layman.
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David Laidler David Ernest William Laidler (born 12 August 1938, England) is an economist who has been one of the foremost scholars of monetarism. He published major economics journal articles on the topic in the late 1960s and early 1970s. His book, "The Demand for Money", was published in four editions from 1969 through 1993 (with slightly altered subtitles), initially setting forth the stability of the relationship between income and the demand for money and later taking into consideration the effects of legal, technological, and institutional changes on the demand for money. The book has been translated into French, Spanish, Italian, Japanese, and Chinese.
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Peter J. Hammond (economist) Peter Jackson Hammond (born 9 May 1945), is the Marie Curie Professor of Economic Theory at the University of Warwick and an Emeritus Professor of Economics at Stanford University. He has made numerous significant contributions to the advancement of Economic Theory.
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Paul Joskow Paul Lewis Joskow (born June 30, 1947) is an American economist and professor. He became President of the Alfred P. Sloan Foundation on January 1, 2008. He is also the Elizabeth and James Killian Professor of Economics, Emeritus at MIT. He has served on the MIT faculty since 1972. From 1994 through 1998 he was Head of the MIT Department of Economics. From 1999 through 2007 he was the Director of the MIT Center for Energy and Environmental Policy Research.
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Hans-Hermann Hoppe Hans-Hermann Hoppe (] ; born September 2, 1949) is a German-born American Austrian School economist, and libertarian anarcho-capitalist philosopher. He is Professor Emeritus of Economics at the University of Nevada, Las Vegas, Senior Fellow of the Ludwig von Mises Institute, and the founder and president of the Property and Freedom Society.
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Vasily Sergeevich Nemchinov Vasily Sergeevich Nemchinov (Russian: Василий Cергеевич Немчинов (January 2, 1894 - November 5, 1964) was a Soviet economist and mathematician. Nemchinov is credited with introducing mathematical methods into Soviet economics, thus creating a scientific basis for central planning.
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Vilfredo Pareto Vilfredo Federico Damaso Pareto (] ; born Wilfried Fritz Pareto, 15 July 1848 – 19 August 1923) was an Italian engineer, sociologist, economist, political scientist, and philosopher, now also known for the 80/20 rule, named after him as the Pareto principle. He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices. He was also responsible for popularising the use of the term "elite" in social analysis.
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Richard N. Cooper Richard Newell Cooper (born June 14, 1934) is an American economist, policy adviser, and academic.
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Alpha Chiang Alpha Chung-i Chiang (born 1927) is an American mathematical economist, Professor Emeritus of Economics at the University of Connecticut, and author of perhaps the most well known mathematical economics textbook; "Fundamental Methods of Mathematical Economics".
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Robert J. Gordon Robert James "Bob" Gordon is an American economist. He is the Stanley G. Harris Professor of the Social Sciences at Northwestern University. He is known for his work on productivity, growth, the causes of unemployment, and airline economics.
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Rose Friedman Rose Director Friedman ( ; born Rose Director, December, 1910 – 18 August 2009), also known as Rose D. Friedman, was a free-market economist and co-founder of the Milton and Rose D. Friedman Foundation.
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Émile Borel Félix Édouard Justin Émile Borel (] ; 7 January 1871 – 3 February 1956) was a French mathematician and politician. As a mathematician, he was known for his founding work in the areas of measure theory and probability.
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Michael Porter Michael Eugene Porter (born May 23, 1947) is an American academic known for his theories on economics, business strategy, and social causes. He is the Bishop William Lawrence University Professor at Harvard Business School, and he was one of the founders of the consulting firm The Monitor Group (now part of Deloitte).
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Edwin M. Truman Edwin (Ted) M. Truman (born 1941) is an American economist specializing in international financial institutions, especially the International Monetary Fund and sovereign wealth funds. He has been a Senior Fellow with the Peterson Institute for International Economics since 2001. Truman has worked quietly over the years on international financial crises issues. Nobel laureate Paul Krugman described Truman as the "George Smiley of international economics".
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Angus Deaton Sir Angus Stewart Deaton, FBA (born 19 October 1945) is a British American economist. In 2015, he was awarded the Nobel Memorial Prize in Economic Sciences for his analysis of consumption, poverty, and welfare.
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A. D. Roy Andrew Donald Roy (28 June 1920 – 12 March 2003), shortened A. D. Roy, was a British economist who is known for the Roy model of self-selection and income distribution and Roy's safety-first criterion.
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Douglass North Douglass Cecil North (November 5, 1920 – November 23, 2015) was an American economist known for his work in economic history. He was the co-recipient (with Robert William Fogel) of the 1993 Nobel Memorial Prize in Economic Sciences. In the words of the Nobel Committee, North and Fogel "renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change."
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Sherman J. Maisel Sherman Joseph Maisel (July 8, 1918 – September 29, 2010) was an American economist who served on the board of governors of the Federal Reserve System. Research on mortgage policy conducted by Maisel led to the expansion of the roles played by Fannie Mae and Ginnie Mae in encouraging the broader availability of loans to homeowners.
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Leon C. Marshall Leon Carroll Marshall (March 15, 1879 – March 1966) was an American economist, Professor of Political Economy and fourth dean of the Booth School of Business from 1909 to 1924, Professor at the Law School of the Johns Hopkins University, and Professor at the American University. He is known for his works on our economic organization, business administration, curriculum-making in the social studies and the divorce court.
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Walton Hale Hamilton Walton Hale Hamilton (October 30, 1881 – October 27, 1958) was an American law professor who taught at the Yale Law School (1928–1948), although he was an economist, not a lawyer. In 1919 Hamilton coined the term "Institutional economics".
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James Meade James Edward Meade CB, FBA (23 June 1907 – 22 December 1995) was a British economist and winner of the 1977 Nobel Memorial Prize in Economic Sciences jointly with the Swedish economist Bertil Ohlin for their "pathbreaking contribution to the theory of international trade and international capital movements."