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Although Alfred Marshall is usually considered as a materialistconcerned with the abstract theory of supply and demand, his Principles of Economics and other writings are filled with personal,ethical, and social observations that mark him as an important socialscientist concerned with the higher values that are thetrue end goal of human beings. Like Abraham Maslow, he builds ahierarchy of wants from the biological needs, through health andeducation, friendship and affection, esteem and distinction, excellenceand selfmastery, and on to morality and religion. He seems to condemnthe metooism of the present day and looks to an ideal future world ofperfect virtue in which competition and private property would be out ofplace.
International Journal of Social Economics – Emerald Publishing
Published: Sep 1, 1990
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