Official Papers of Alfred Marshall: A Supplement

375 Pages·2009·3.66 MB·English

by  Alfred Marshall

This book constitutes a supplement to Alfred Marshall's Official Papers, which
were edited by John Maynard Keynes for the Royal Economic Society in 1926.
It presents material which Keynes did not include, along with editorial notes
and introductions to the various pieces. It represents, therefore, a further step
towards completing in published form the collected writings of one of the great
modern economists.
Material included covers the following: Marshall's 1880 evidence as
Principal of Bristol University College to the Committee on Higher Education
in Wales and Monmouthshire; comments on a paper by J. S. Nicholson prepared
for the Gold and Silver Commission in 1888; sections of the Final Report of the
Royal Commission on Labour (1891-4) dealing with trade unions, irregularity
of employment and other matters attributed to him by his widow together with
selections of his questioning of witnesses who appeared before the Commission
(including Sidney Webb, Charles Booth, Robert Giffen, Tom Mann); and last,
by way of an appendix, the alleged first version of his famous Memorandum on
the Fiscal Policy of International Trade prepared for the Chancellor of the
Exchequer in 1903 (of which the final version of 1908 was included by Keynes
in 1926), but which cannot really be ascribed to Marshall.
The contents facilitate the enhancement of understanding Alfred Marshall,
the doyen of British economics in the nineteenth century and founder of the
Cambridge School of Economics.
This book constitutes a supplement to Alfred Marshall's Official Papers. It
focusses on the advice that Marshall, one of the founding fathers of modern
economics, offered to the British government in the late nineteenth century.
The topics covered include education, the role of women, trade unions, unem-
ployment, public enterprise, the quantity theory of money, inflation and trade,
the benefits of free trade and the dangers of protection. The material offers
valuable insights into policy thinking a century ago, much of which has a sur-
prising degree of relevance to the pressing issues at the end of the present
century.

OFFICIAL PAPERS OF
ALFRED MARSHALL
A SUPPLEMENT

OFFICIAL PAPERS
OF
ALFRED MARSHALL
A SUPPLEMENT
EDITED BY
PETER GROENEWEGEN
University of Sydney
CAMBRIDGE
UNIVERSITY PRESS
FOR THE ROYAL ECONOMIC SOCIETY
CAMBRIDGE UNIVERSITY PRESS
Cambridge, New York, Melbourne, Madrid, Cape Town, Singapore, Sao Paulo, Delhi
Cambridge University Press
The Edinburgh Building, Cambridge CB2 8RU, UK
Published in the United States of America by Cambridge University Press, New York
www. Cambridge. org
Information on this title: www.cambridge.org/9780521119771
© Cambridge University Press 1996
This publication is in copyright. Subject to statutory exception
and to the provisions of relevant collective licensing agreements,
no reproduction of any part may take place without the written
permission of Cambridge University Press.
First published 1996
This digitally printed version 2009
A catalogue record for this publication is available from the British Library
Library of Congress Cataloguing in Publication data
Marshall, Alfred, 1842-1924.
Official papers of Alfred Marshall: a supplement / edited by
Peter Groenewegen.
p. cm.
Contains material omitted from original 1926 ed., which was edited
by John M. Keynes.
Includes index.
ISBN 0 521 55185 4 (hardback)
1. Great Britain-Economic conditions-19th century. 2. Currency
question-Great Britain. 3. Aged-Great Britain-Economic
conditions. 4. Taxation—Great Britain. I. Groenewegen, Peter D.
II. Marshall, Alfred, 1842-1924. Official papers of Alfred
Marshall. III. Title.
HC255.M387 Suppl.
330.941'081-dc20 95-30972 CIP
ISBN 978-0-521-55185-4 hardback
ISBN 978-0-521-11977-1 paperback
CONTENTS
Preface and acknowledgements page ix
General introduction i
IT E M i Evidence to the Committee Appointed to
Inquire into the Condition of Intermediate and Higher Education in
Wales and Monmouthshire by Alfred
Marshall, given at Newport, 20 December 1880
INTRODUCTION 9
TEXT 14
ITEM 2 Gold and Silver Commission: note by
Professor Marshall on Professor Nicholson's paper
'On the Effects of a Fall in the Gold Price of Silver
and General Gold Prices' (dated 30 June 1888)
INTRODUCTION 65
TEXT 70
IT E M 3 Material associated with Marshall's work
for the Royal Commission on Labour 1891-1894
INTRODUCTION 81
TEXT 92
3a FIFTH AND FINAL REPORT OF THE ROYAL
COMMISSION ON LABOUR 1894: EXTRACTS
ATTRIBUTABLE TO MARSHALL 92