Again, most of the chief distinctions marked by economic terms are differences not of kind but of degree.

His home Balliol Croft was renamed Marshall House in 1991 in his honour when it was bought by Lucy Cavendish College Cambridge. His health problems had gradually grown worse since the 1880s and in 1908 he retired from the university. Alfred Marshall (26 July 1842 – 13 July 1924) was one of the most influential economists of his time.

His book Principles of Economics (1890) was the dominant economic textbook in England for many years. Alfred Marshall (26 July 1842 – 13 July 1924) was one of the most influential economists of his time. He is known as one of the founders of economics.