ABSTRACT

This chapter explores the relationship between the history and the analysis that is contained in Industry and Trade. It argues that the volume is organised around problems which Marshall tries to explain. The facts reported in the volume serve both to illustrate the analysis and to caution the reader from accepting too simple a version of the theory; but the analysis is primary. Industry and Trade is a volume comprising three separate books. Book I is entitled 'Some Origins of Present Problems of Industry and Trade'; Book II is entitled 'Dominant Tendencies of Business Organization'; and Book III is labelled, 'Monopolistic Tendencies: Their Relations to Public Well-being'. The chapter discusses the structure of the volume as a whole. It examines the organisation of each of the three books in turn. The prime thrust of the book is to explain the structure of industry and to investigate ways in which government policy can influence it for the better.