Poetry, faith and chivalry: Alfred Marshall's response to modern socialism. History of Economics Review | January 1, 2008| | COPYRIGHT 2008 History of Economic Thought Society of Australia. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

Abstract: After his return to Cambridge in 1885 Alfred Marshall constructed an elaborate criticism of modern socialism and developed an alternative creed of economic chivalry. This paper interprets both of these intellectual developments in the light of Marshall's early philosophical model of human character. In the first instance, such an interpretation reveals the modern economist as an ideal type possessed of both a warm heart and a cool head. This contrasts with an earlier generation of economists, who reasoned clearly but without heartfelt sympathy, and the modern ...

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