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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Evolutionary and Ins...arrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
Evolutionary and Institutional Economics Review
Article . 2021 . Peer-reviewed
License: Springer TDM
Data sources: Crossref
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The influence of Tidology and Astronomy in Alfred Marshall’s economics: a reassessment of his economic method for the analysis of periodic and secular variations

Authors: Naoki Matsuyama;

The influence of Tidology and Astronomy in Alfred Marshall’s economics: a reassessment of his economic method for the analysis of periodic and secular variations

Abstract

Alfred Marshall explored a scientific method for theorising complex economic phenomena using mechanical and biological analogies. Moreover from his very first book The Economics of Industry Marshall paid attention to the efficacy of a science of tendencies to understand real economic movements. To clarify this, this paper begins by reviewing a methodological problem suggested by Thorstein Veblen, concerning which of Marshall’s economics should be regarded as ‘quasi-evolutionary’. Critically Veblen considered Marshall’s approach to economic progress could not avoid assumptions of a natural law and normality, even though Marshall analyzed the tendency of economic change produced over the ultra-long-term. However, we focus on the approaches Marshall found most convincing, which were based on eighteenth and nineteenth century scientific methods proposed by Cournot, John Herschel, and William Whewell. We examine the methodological significance derived from the analogies of astronomy and tidology over the secular term. Specifically, Marshall investigated the analysis of wages as a science of tendencies to realise fair wages through conciliation, where the influence of time, region, and custom were considered. Therefore, this article demonstrates how Marshall applied a non-Newtonian method based on tidology to the study of secular movements in economic society to develop his understanding of the organic growth of economy scientifically.

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
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