This book constitutes a supplement to Alfred Marshall's Official Papers. It focuses on the advice that Marshall offered to the British government in the late nineteenth century. The topics covered include education, the role of women, trade unions, unemployment, public enterprise, the quantity theory of money, inflation and trade, benefits of free trade and dangers of protection. The material offers valuable insights into policy thinking a century ago, with a surprising degree of relevance to pressing policy issues today.
Alfred Marshall was one of the most influential economists of his time. His book, Principles of Economics (1890), was the dominant economic textbook in England for many years. It brings the ideas of supply and demand, marginal utility, and costs of production into a coherent whole. He is known as one of the founders of economics.