Continuity Thesis

Discipline: Economics

An assertion that a continuum exists between the classical and neoclassical schools of economy which was not disrupted by the rise of the Marginalist movement of the 1870s.

Continuity thesis maintains that English economist Alfred Marshall (1842-1924) did not overturn classical economics but simply used sharper mathematical tools to refine Ricardian economics.

Also see: neo-classical theory

G F Shove, 'The Place of Marshall's Principles in the Development of Economic Theory', Economic Journal, vol. LII (1942), 294-329


Facebook Twitter