1--- 2meta: 3 date: false 4 reading_time: false 5title: "Marshallian Demand" 6date: 2023-10-05 7description: "An explanation of Marshallian demand in economics, focusing on definitions, historical context, and major analytical frameworks." 8tags: ["Marshallian Demand", "Utility", "Demand Functions", "Economics"] 9--- 10 11## Background 12 13Marshallian demand refers to the demand for goods driven by the utility maximization of individuals subject to their budget constraints. This concept is named after the influential economist Alfred Marshall, who was instrumental in evolving the theory of demand in the late 19th and early 20th centuries.