The role and significance of Alfred Marshall’s theories in the explanation of modern mechanisms of regional development Cover Image

Rola i znaczenie koncepcji Alfreda Marshalla dla wyjaśniania współczesnych mechanizmów rozwoju regionalnego
The role and significance of Alfred Marshall’s theories in the explanation of modern mechanisms of regional development

Author(s): Ewa Kraska, Beata Rogowska
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: external effects; industrial district; human capital; regional development

Summary/Abstract: Alfred Marshall (1842-1924) was an outstanding theoretician of economics, and the founder of the Cambridge School of Economics. He has often been presented as the ”father” of neoclassical economics and the most important theorist of regional development. The aim of this paper is to analyze Marshall`s theories, which are key elements for modern theories of regional development. Five topics are discussed in the paper: Marshall’s ideas of industrial district and the theory of external economies, the concept of human capital, the biological analogy and ”life cycle” theory of entrepreneurship, the introduction of a fourth factor of production, organization.

  • Issue Year: 2014
  • Issue No: 339
  • Page Range: 61-75
  • Page Count: 15
  • Language: Polish