ABSTRACT

Anyone wondering, no more than 10-12 years ago, whether it might be possible for Alfred Marshall’s thought to emerge from the niche-a most prominent niche, to be sure-assigned to him in current economics and, accordingly, history of economic thought handbooks, so that it could return once more to occupy a major position in ‘viva’ theoretical reflection and/or ‘field’ research in economics, would surely have concluded: no, this is inconceivable, because Marshall, for all his merits, belongs to the prehistory of contemporary economic analysis.