Marshallianadj.
/mɑːˈʃalɪən/, U.S. /mɑrˈʃæliən/ Economics.
Of or relating to the theories or work of Alfred Marshall, esp. to his concepts of marginal utility and elasticity of demand.
ΘΚΠ
society > trade and finance > management of money > management of national resources > [adjective] > of or relating to specific theories or doctrines
physiocratical1789
Smithian1801
physiocratic1804
protective1822
Ricardian1824
cameralistic1831
Marshallian1894
monetarist1914
Paretian1916
neoclassical1926
marginalist1929
Keynesian1931
underconsumptionist1936
pre-Keynesian1939
Walrasian1942
trickle-down1944
neo-Keynesian1947
Schumpeterian1950
structuralist1962
monetaristic1972
market fundamentalist1997
1894 Econ. Jrnl. 4 756 An elaborate investigation of the assumptions underlying different kinds of economic curves; with a reconciliation of the ‘Walrasian’ and ‘Marshallian’ methods.
1924 Q. Jrnl. Econ. 39 12 Will there be a Marshallian School?
1937 Econ. Jrnl. 47 25 Of these five so-called Marshallian assertions it is quite certain that Marshall would have repudiated the first two and the last two.
1952 Economica 19 115 The Marshallian world assumes the validity of Say's Law—above all it assumes that the whole volume of ex ante saving is converted..into an equivalent amount of ex post investment.
1967 Economist 28 Jan. p. xxix/1 How does one explain Marshallian theories of value to native growers who have seen the price halved since they first planted coffee?
1975 Times 6 Jan. 12/5 To sustain industrial civilizations, we must focus on the Marshallian long period factors.
1987 Financial Times 10 Oct. p. xx/7 The earlier Marshallian view of a natural long-run equilibrium..once again appears a la mode.
This entry has been updated (OED Third Edition, December 2000; most recently modified version published online March 2022).
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adj.1894