British economist ALFRED MARSHALL (1842-1924) was one of the most prominent thinkers of his age, and his work influenced half a century of financial philosophy. Though the bulk of his work was completed before the turn of the 20th century, the global ramifications of World War I prompted him to reconsider his theories on international economics, and in 1919 he published the two-volume Industry and Trade. Here, in Volume II, he discusses. . how monopolies and competition impact prices . trusts and cartels in the American and German economies . the decline of class differences and advantages in industrial systems . unions, co-opts, and business federations . and much more.
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This is the second volume of a two volume set. From one of the most influential economists of the 20th century and founder of the "neoclassical school" of economics, Alfred Marshall follows up his landmark tome "Principles of Economics" with this work on industrial development and the growth and evolution of international trade. "Industry and Trade: Volume II" includes Book III of the series along with all 16 appendices. In this volume, Marshall delves into the following topics: -- The development, growth, and influence of monopolies. -- Trusts and cartells within the U.S. and Germany early in the 20th century. -- Early industrial conditions and fiscal policies of the United States. -- Historical perspective of the movement towards free trade. Every student of economics will find Marshall's "Industry and Trade" invaluable in furthering their understanding of the vast field of economics.
Alfred Marshall was an influential British economist whose ideas and writings influenced generations of economics students. He was a founder of the "neoclassical school" of economics and taught at both Cambridge and the University of Bristol. His work, "Principles of Economics" was the standard textbook in use for decades.
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