ABSTRACT
Basil Yamey has established an enviable record of scholarship as is testified by the bibliography of his work listed at the end of this book. He was born in 1919 in South Africa where his father was involved in the distributive trades. Basil Yamey has taught many thousands of students from all parts of the world. This chapter is closely related to the work of Basil Yamey who was interested in the operations of competitive bidding and the Dutch auction, not only through his research into futures markets but also as a scholar contributing on bidding rule. It is fitting that the final section concerns the History of Thought and that it contains an essay in appreciation of Alfred Marshall's Industry and Trade. Williams argues that Marshall is both analytical and empirical and that he uses innovative methodology giving prominence to the use of long time-series and cross-country comparisons. The chapter also presents an overview of the book.
