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  1. 1842-1924. English economist, professor of
  2. economics at Cambridge University 1885-1908.
  3. He was a founder of neo-classical economics,
  4. and stressed the power of supply and demand
  5. to generate equilibrium prices in markets,
  6. introducing the concept of elasticity of
  7. demand relative to price. His Principles of
  8. Economics 1890 remains perhaps the chief
  9. textbook of neo-classical economics.
  10.