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3 - Alfred Marshall on Progress and Human Wellbeing

from Part I - Plurality of Welfare in the Making of Welfare Economics

Published online by Cambridge University Press:  04 March 2021

By
Tamotsu Nishizawa
Edited by
Roger E. Backhouse ,
Antoinette Baujard  and
Tamotsu Nishizawa
Roger E. Backhouse
Affiliation:
University of Birmingham and Erasmus University Rotterdam
Antoinette Baujard
Affiliation:
Université de Lyon et Université Jean Monnet à Saint-Étienne
Tamotsu Nishizawa
Affiliation:
Teikyo University Japan
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Summary

Marshall’s contribution to welfare economics is often summarized in the analytical tools developed in his Principles of Economics. This paper places Marshall’s views on welfare or rather ‘wellbeing’ in more broad perspective including his notes on ‘Economic Progress’; how Marshall thought of ‘economic, as well as the moral, wellbeing’, in his ‘high theme of economic progress’ or ‘organic life-growth’. It shows how he thought of the progress and ‘wellbeing’, economic as well as ‘physical, mental and moral’, in relation to ‘standards of life’ and to ‘quality of life’, ‘fullness of life’; and it aims to shed a fresh light to reconsider the welfare economic thought of Marshall.

Keywords

progresseconomic wellbeingmoral wellbeingstandards of lifequality of lifecharacteractivitiesefficiencyorganic growth
Type
Chapter
Information
Welfare Theory, Public Action, and Ethical Values
Revisiting the History of Welfare Economics
 , pp. 77 - 96
Publisher: Cambridge University Press
Print publication year: 2021

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