Write a 500 to 1000 word paper using at least three outside sources in APA style format. The paper should include brief background on the economist, their school of thought, and their contributions to the field of economics. This paper is submitted via SafeAssign to analyze originality of content.
Be sure throughout to use in-text citations, placing the following at the end of the sentence where you paraphrase a source:
(Author’s Last Name, Year of Publication, Page # if direct quote)
Major Contributions / Notable Ideas: Development of modern supply and demand graphs.
Major Works: Principles of Economics (1890)
Answer preview
He dissociated economics from mathematics, as often the latter would overshadow the former in teaching. Marshall also developed many original concepts in economies and building on others that existed from other theorists like Adam Smith. The concepts of elasticity, consumer surplus, diminishing return, and marginal utility were more profoundly taught and shared by Marshall. His book ‘the principles of economics’ was the most well-known work he wrote in economics.
In conclusion, Marshall contributed significantly to economics guided by his neoclassical economics school of thought. He developed many concepts in economics and built on the knowledge of other scholars like Jevon. He was the first to illustrate economic concepts in graphs as explained in his different works, including the notable ‘principles of economies.’
