Definition of Marshallian in US English:

Marshallian

adjective

Economics
  • Of or relating to the theories or work of Alfred Marshall, especially to his concepts of marginal utility and elasticity of demand.

Origin

Late 19th century; earliest use found in The Economic Journal. From the name of Alfred Marshall, British political economist + -ian.

Pronunciation

Marshallian

/mɑːˈʃalɪən/