Industry and Trade

Name: Industry and Trade
Brand: Nine Books
SKU: 9789352290246
Price: 537.0 INR
Availability: InStock

by Alfred Marshall

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ISBN13: 9789352290246
Binding: Paperback
Subject: N/A
Publisher: Nine Books
Publisher Imprint: Nine Books
Publication Date: December 1, 2015
Pages: 558
Original Price: INR 795.0
Language: English
Edition: N/A
Item Weight: 1000 grams
BISAC Subject(s): Sociology / General

About The Book

Industry and Trade - The present urgency of the allied problems of industry and trade. AS INDICATED ON the title page, the present work is designed to make a small contribution to the study of the progress of industrial technique, and of business organisation; as well as of the distribution of the benefits thence arising among various sections of the people and various nations. No previous age has had such large opportunities as the present for applying material resources in the elevation of human life. The forces of Nature are being turned back upon her to compel her to render ever larger returns to man's efforts in every branch of industry; any resistance that she may offer to the agriculturist and the miner being quickly reduced by the incessant development of fresh sources f rich supply, and by easy and rapid communication between distant places. New countries are quickly falling into line with old. Some of them are making greater advances in economic organisation and industrial technique in a decade, than Europe as a whole has made in any century except the last: and, though this progress is continually depriving old countries of favourable markets for familiar wares; yet the very causes, to which it is due, are meanwhile opening up larger and more various markets in the same countries, or in others. Thus material wealth has rolled in on the populations of old countries with unprecedented rapidity, and on new countries faster still.

About The Author

Alfred Marshall - Alfred Marshall (July 26, 1842-July 13, 1924) was a major economist of his time whoinfluenced the discipline for about half a century, and his Principles of Economics (1890) held sway as a textbook in England for a long time. It was Marshall who popularised the use of demand and supply functions, and contributed to the'marginalist' economics with its concepts like marginal utility and marginal cost etc. Not surprisingly, Marshall influenced a number of eminent economists of later days, including John Menard Keynes and Arthur Cecil Pigou.Marshall's approach to social science was one in which economics plays an important but limited role. He felt that economics must not ignore the social, political, ethical and other aspects of life, with which economic life has an integral relationship. Having been a brilliant student of mathematics, Marshall did use mathematics as a language of presentation, rather on a wide scale, but yet his use of mathematics was quite different from, say, that by William Stanley Jevons, as he felt that economics must not distance itself from the layman.The present work is an in-depth investigation of the business organisations and industrial techniques, a unique exercise of its kind, and quite different from other "neo classical" works, as Marshall keeps here his presentation free from mathematical niceties.The Pure Theory of Foreign Trade and The Economics of Industry (in collaboration with his wife, Mary Paley Marshall) are some other works of this eminent thinker.

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