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By David Reisman

Marshall's theories of financial and social development are defined as regards to the medical and philosophical hobbies which encouraged them: utilitarianism, evolutionism, mathematical marginalism and moral idealism.

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Marshall replaced Toynbee at Oxford in 1883, one social missionary relieving another while keeping the nature of the mission surprisingly unaltered. Toynbee was gone, but his distinctive mix of personal altruism, social activism and historical investigation lived on in the work of the young Oxford economists whom he had inspired. It was the second tragic loss experienced by Jowett's Balliol in as many years: T. H. Green (183~82) had died a year earlier, another Victorian idealist exhausted before his time by the burden of social duties and public service that was the practical concomitant of the 48 Alfred Marshall's Mission notion of positive liberty.

29 The precise nature of their relationship would appear to be, moreover, a perfect illustration of the ideal which Professor Marshall held up to Miss Potter in 1889 when, concluding with the professor's statement that 'if you compete with us we shan't marry you', Miss Potter later recorded the essence of the professor's observations as follows: Interesting talk with Professor Marshall, first at dinner with the Creightons, and afterwards at lunch at his own house. It opened with chaff about men and women: he holding that woman was a subordinate being, and that, if she ceased to be subordinate, there would be no object for a man to marry.

L Foxwell in 1884 once again expressed his admiration for 'Mr. Alfred Marshall, beyond doubt the most competent of living writers to judge of the value of Mr. 3 There is loss as well as hope to be detected in Foxwell's repeated use of the word 'living'. Things might have been different had Jevons lived. As it was, however, the loss of J evons inevitably consolidated the hope that was associated with Marshall. Foxwell saw clearly what Marshall was worth. So did Jowett. Benjamin Jowett (1817-93) was Master of Balliol and as such a Governor of the University College.

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