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.
Paul Joskow Paul Lewis Joskow (born June 30, 1947) is an American economist and professor. He became President of the Alfred P. Sloan Foundation on January 1, 2008. He is also the Elizabeth and James Killian Professor of Economics, Emeritus at MIT. He has served on the MIT faculty since 1972. From 1994 through 1998 he was Head of the MIT Department of Economics. From 1999 through 2007 he was the Director of the MIT Center for Energy and Environmental Policy Research.