Pigou, A Loyal Marshallian?

This paper considers conceptions of A.C. Pigou as a “Marshallian” economist which have appeared in the literature. The specific objective of this paper is to identify differing perceptions of Pigou as a Marshallian by: identifying the key areas where scholars have perceived a certain continuity between Pigou’s work and Marshallian thought; identifying the key areas where scholars have perceived a certain discontinuity between Pigou’s work and Marshallian thought; and to reflect more systematically on the major characteristics scholars have attributed to the Cambridge School in its Marshallian form.