The Marshallian Tradition of Industrial Economics in Oxford (1947-1979): From Andrews' contribution to the emergence of Industrial Organization and Business Studies

The first aim of this chapter is to provide a better understanding of one of the different interpretations of Marshall's theory, ideas, and methodology which prevailed in Oxford during the period 1947-1979. The second purpose of this work is to show that the developments of post-Marshallian ideas in Oxford gave birth to a new discipline in economic theory. For this reason, the paper seeks to emphasise the intersection between the increasing interest in Marshall's theory and its interpretations on one side and, the emergence of Industrial Economics on the other side. Then, the paper tries to show how the study of firms and industries shifted from Andrews' approach to the emergence of Industrial Organization and Business Studies. The results of this analysis are drawn from the exploration of the reviewed literature, of various archives, and of a set of interviews given by academics, including, for instance, Donald Hay, Frederic Lee, Ian Little, Derek Morris, George Richardson, Maurice Scott, and David Stout