Alfred Marshall (July 26, 1842–July 13, 1924), born in Bermondsey, London, England, became one of the most influential economists of his time. His book, Principles of Economics (1890) bring in the ideas of supply and demand, of marginal utility and of the costs of production into a coherent whole. It became the dominant economic textbook in England for a long period
http://en.wikipedia.org/wiki/Alfred_Marshall
2006-07-21 19:58:52
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answer #1
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answered by bill_j 2
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The correct answer is Alfred Marshall, as already presented by bill j. What happened was that Marshall was able to apply calculas to economics to arrive at a set of unique and stable solutions, which brought about what is called the marginalist revolution in economics.
One should also credit economists such as Walras and Jevons but Marshall is the dominant figure in formalising supply and demand.
2006-07-22 21:07:22
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answer #2
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answered by captainsteve21 1
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In microeconomic theory, the partial equilibrium 'Supply and Demand' economic model was originally developed by Alfred Marshall - in an attempt to describe, explain, and predict changes in the price and quantity of goods sold in competitive markets.
2006-07-21 20:00:21
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answer #3
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answered by Anonymous
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I think its Adam Smith- Father of Economics
2006-07-21 23:39:12
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answer #4
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answered by dawink 2
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i think, adam smith, who is known as father of economics.because economics means demand and supply whether directly or indirectly.
2006-07-21 22:24:44
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answer #5
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answered by khuku 1
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2016-11-25 01:20:35
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answer #6
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answered by headlee 4
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they are two seperate laws
the law of supply:
producers will seek to sell more product at higher prices
the law of demand:
consumers will seek to purchase more products at lower prices
2006-07-21 19:59:39
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answer #7
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answered by nathanael_beal 4
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for me it is the "common sence
"
2006-07-21 19:59:24
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answer #8
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answered by Anonymous
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i might be wrong but i think it was voltaire
2006-07-21 19:58:27
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answer #9
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answered by Joe S 2
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ME!!!!!!!!!!
2006-07-22 17:50:31
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answer #10
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answered by fzaa3's lover 4
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