George Stigler by Unknown

Author:Unknown
Language: eng
Format: epub
ISBN: 9781137568151
Publisher: Palgrave Macmillan UK

Indeed, Stigler suggests that it is the denial of the wisdom of Marshall’s position that contributed to the disappearance of his Principles from the contemporary literature.

Despite his high regard for Marshall, Stigler (1941: 9) nevertheless confessed to being vexed by what he described as ‘a certain evasiveness in Marshall’s scientific character’.7 This was in part due to what Stigler saw as unresolved ambiguities and frustrating qualifications in Marshall’s writings, many of which, as is highlighted in the following section, made more difficult the task of transferring Marshall’s handy tools to what became the domain of traditional price theory.

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