Alfred Marshall (1842-1924) was one of the founders of modern economics. This book shows how Marshall's distinctive contributions to modern economics grew out of his early development of a neo-Hegelian social philosophy, which itself was the product of a youthful crisis of religious faith.

This book provides a contextual study of the development of Alfred Marshall's thinking during the early years of his apprenticeship in the Cambridge moral sciences. Marshall's thought is situated in a crisis of academic liberal thinking that occurred in the late 1860s. His crisis of faith is shown to have formed part of his wider philosophical development, which saw him supplementing Anglican thought and mechanistic psychology with Hegel's Philosophy of History. This philosophical background informed Marshall's early reformulation of value theory and his subsequent wide-ranging reinterpretation of political economy as a whole. The book concludes with the suggestion that Marshall's mature economic science was conceived by him as but one part of a wider, neo-Hegelian, social philosophy.

'This reconstruction of the foundations of Alfred Marshall's social philosophy is the product of original research on the manuscripts that reveal the breadth and depth of Marshall's intellectual concerns during his apprenticeship years. In addition to being a thorough contextual study of the intellectual origins of Marshall's better-known economic writings, Simon Cook's book helps to explain those pervasive idealistic and historical dimensions to Marshall's work that have often perplexed even his closest followers.' Donald Winch, University of Sussex