The Marshallian demand function was named after an economist known as one of the founders of what?
Marshallian demand function In microeconomics, a consumer's Marshallian demand function (named after Alfred Marshall) specifies what the consumer would buy in each price and income or wealth situation, assuming it perfectly solves the utility maximization problem. Marshallian demand is sometimes called Walrasian demand (named after Léon Walras) or uncompensated demand function instead, because the original Marshallian analysis refused wealth effects.
Edwin M. Truman Edwin (Ted) M. Truman (born 1941) is an American economist specializing in international financial institutions, especially the International Monetary Fund and sovereign wealth funds. He has been a Senior Fellow with the Peterson Institute for International Economics since 2001. Truman has worked quietly over the years on international financial crises issues. Nobel laureate Paul Krugman described Truman as the "George Smiley of international economics".