Tiziano Raffaelli (Pisa 1950) was a widely esteemed scholar in the field of the history and methodology of economics, who died suddenly in January 2016 while still in the midst of working and of developing projects for new lines of research. He was a philosopher of science by formation and a historian of economic ideas by professional choice, with interests covering a vast area, ranging from the 18th to the 20th century and from Europe to the US. Where he left an indelible mark, however, was in his interpretation of Alfred Marshall's economic theory and its reverberations through Keynes on the one hand, and the Cambridge school of industrial economics on the other. Raffaelli's research in this field offered a completely new view of the core and meaning of Marshall's work and of its relevance for 21st century social scientists. In the process, it stimulated a new and fruitful research program in Marshallian economics. This volume consists of two parts. The first is devoted to illustrating the above-mentioned changes in the understanding of Marshallian economics and Raffaelli's role in bringing them about. The second part offers a collection of essays documenting some more recent developments in fields related to Marshall and his influence, including welfare economics and industrial organization, Marshall's legacy in Cambridge economics, the Chicago school, and beyond. The contributors to this volume range from leading senior scholars in the field to exceptional young scholars, and their contributions illustrates a myriad of ways in which the "new view" of Marshall inspired by Raffaelli's work influences our understanding of the history of economics from the late 19th century onward. This book will be of international interest to scholars working in the history of economic thought, and will also appeal to philosophers of science, methodologists, intellectual historians, and those who specialize in industrial organisation.

`In Alfred Marshall's theory of the human mind, the development of knowledge is conditioned, though not determined, by the context in which it occurs; by a natural extension, so is the interpretation, response to and use of knowledge. That is the organising principle of this book, and no one is better equipped to apply it than the team which produced The Elgar Companion to Alfred Marshall. What we can learn from these studies has wide application in economics - and beyond.'---Brian Loasby, University of Stirling, UK`The team responsible for producing the exemplary Elgar Companion to Alfred Marshall in 2006 has now assembled this complementary volume which contains an equally authoritative collection of studies dealing with the fortuna or intellectual and cultural impact of Marshallian economics in Britain, Europe, North America, Australasia, and Asia. Together the books make an invaluable contribution to the reassessment of Marshall's reputation and the diffusion of his economic ideas.'---Donald Winch, University of Sussex, UK This is a unique and detailed book which surveys the diffusion and reception of Alfred Marshall's ideas and the ways they have influenced the development of economic science up to the present day. This is an accessible and extremely readable work offering an interesting perspective on the national traditions of economic thought, in both English and non-English speaking countries, as well as on the work of leading economists. As this work demonstrates, the variety of responses elicited by Alfred Marshall's thought testifies to its richness as well as to the plurality of conceptions of the role and tasks of economics in different times and places. This book complements the authors' previous work The Elgar Companion to Alfred Marshall. The Impact of Alfred Marshall's Ideas will appeal to researchers and academics at all levels of economics and especially the history of economic thought.

Tiziano Raffaelli (Pisa 1950) was a widely esteemed scholar in the field of the history and methodology of economics, who died suddenly in January 2016 while still in the midst of working and of developing projects for new lines of research. He was a philosopher of science by formation and a historian of economic ideas by professional choice, with interests covering a vast area, ranging from the 18th to the 20th century and from Europe to the US. Where he left an indelible mark, however, was in his interpretation of Alfred Marshall's economic theory and its reverberations through Keynes on the one hand, and the Cambridge school of industrial economics on the other. Raffaelli's research in this field offered a completely new view of the core and meaning of Marshall's work and of its relevance for 21st century social scientists. In the process, it stimulated a new and fruitful research program in Marshallian economics. This volume consists of two parts. The first is devoted to illustrating the above-mentioned changes in the understanding of Marshallian economics and Raffaelli's role in bringing them about. The second part offers a collection of essays documenting some more recent developments in fields related to Marshall and his influence, including welfare economics and industrial organization, Marshall's legacy in Cambridge economics, the Chicago school, and beyond. The contributors to this volume range from leading senior scholars in the field to exceptional young scholars, and their contributions illustrates a myriad of ways in which the "new view" of Marshall inspired by Raffaelli's work influences our understanding of the history of economics from the late 19th century onward. This book will be of international interest to scholars working in the history of economic thought, and will also appeal to philosophers of science, methodologists, intellectual historians, and those who specialize in industrial organisation.