Edited by Robert W. Dimand and Harald Hagemann
Chapter 15: Alfred Marshall
The entry focuses on the relationship between Keynes and Alfred Marshall (1842–1924). It distinguishes four relevant stages: (1) Marshall’s long friendship with his parents, John Neville and Florence Ada Keynes; (2) Marshall as Keynes’s main teacher of economics at Cambridge; (3) collegial debates from the beginning of Keynes’s economics lecturing at Cambridge starting after Marshall’s retirement in 1908 until his death; and (4) the posthumous stage of association from Keynes’s masterful obituary memoir and his edition of Marshall’s Official Papers to his critique in the General Theory that Marshall’s economics was lacking a theory of effective demand
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