welfare definition (Alfred Marshall)
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The welfare definition of economics is an attempt by Alfred Marshall, a pioneer neoclassical economist, to redefine his field of study. ... Specifically, Marshall's view is that economics studies all the actions that people take in order to achieve economic welfare.
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The welfare definition of economics is an attempt by Alfred Marshall, a pioneer neoclassical economist, to redefine his field of study. ... Specifically, Marshall's view is that economics studies all the actions that people take in order to achieve economic welfare.
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