ABSTRACT

This conclusion presents some closing thoughts on key concepts discussed in the preceding chapters of this book. The book attempts to survey the contribution of the neo-classical economists to these branches of economics, particularly with reference to their contribution in the first twenty-five volumes of the Economic Journal. It explores the theoretical background against which neo-classical economics developed, its preoccupations from 1891-1915 and some of its general characteristics, for instance the progress in the field of the theory of value after Marshall. The most conspicuous feature of the contributions in the Economic Journal from 1891 to 1915 is the interest of the British economists in contemporary economic problems. They were interested in all types of projects for economic and social reform and they examined a wide range of developments in other countries which had a bearing on these domestic issues.