The Return of the ‘White Elephant’
Giacomo Becattini · Palgrave Macmillan UK eBooks · 2003
Only 10-12 years ago, anyone musing on the eventuality that Marshall’s thought might once again occupy an important position in contemporary theoretical reflection would certainly have reached a negative answer. There were isolated scholars who saw many unexpressed potential capacities in Marshall’s thought, regarding it as a goldmine of many useful reflections, 2 but on the whole it was thought unlikely that the Marshallian approach would be revived as mainstream economics.