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Alfred Marshall
Alfred Marshall was an English economist who is best known for his work on the principles of economics and the development of microeconomics. He is considered one of the founders of the neoclassical school of economics and his work laid the foundations for the modern study of economics.
Marshall's most influential work, "Principles of Economics," was published in 1890 and became a standard textbook in economics. It introduced many of the concepts that are still used in economic analysis today, such as the law of supply and demand, the concept of elasticity, and the theory of consumer behavior. Marshall was also known for his contributions to the field of international trade, including the development of the Marshall-Lerner condition.
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The Marshall Lerner Condition
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