The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Britain, Economics in (20th Century)

  • K. Tribe
Reference work entry


The foundations of the modern discipline of economics were Marshallian, symbolized by acknowledgement of his Principles of Economics (1890) as the leading English-language exposition, and the creation of the very first undergraduate teaching course in economics in Cambridge in 1903. The work of Maynard Keynes made a similar, lasting international impression, although in the second half of the century a neoclassical synthesis became internationally predominant, a tendency that fostered an interest in technique rather than economic problems that would have been quite alien to Marshall and Keynes.


Ashley, W. J. Boulding, K. E. Britain, economics in (20th century) Cannan, E. Chamberlin, E. H. Chapman, S. Coase, R. H. Devons, E. Dobb, M. H. Economics, teaching of Edgeworth, F. Y. Fawcett, H. Flux, A. Free trade Gorman, T. Granger, C. W. J. Hansen, A. Harrod, R. F. Hayek, F. A. Henderson, H. Hewins, W. A. S. Hutchison, T. Innovation Institute for Fiscal Studies (UK) Invention Jewkes, J. Kahn, R. F. Keynes, J. M. Keynesianism Klein, L. R. Knight, F. H. Lipsey, R. Marschak, J. Marshall, A. Meade, J. E. Meredith, H. Monopoly Neoliberalism Neo-Ricardians Perfect competition Phelps Brown, E. H. Pigou, A. C. Political Economy Club Price, L.L. Robbins, L. C. Robertson, D.H. Robinson, E. A. G. Robinson, J. V. Royal Economic Society Samuelson. P. A. Schneider, E. Shackle, G. L. S. Sraffa, P. Stackelberg, H. von Stone, J. R. N. Walters, A. Young, A. A 

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Authors and Affiliations

  • K. Tribe
    • 1
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