Concluding Remarks
David Hutchison Macgregor's first book was Lord Macaulay published in 1901, five years before Industrial Combination. His prize-winning biography offers a splendid appreciation of the richness of the English language, presented in a most lucid, vivid and indeed elegant style.
Macgregor, in the opening page, averred: ‘The influences of his [Macaulay's] work have not passed away. They are not yet perfected and may not be fully judged' (Macgregor 1901: 1). Such a view could well be expressed about Macgregor himself today, more than a century later. Macgregor (ibid.: 138) poignantly concluded his volume on Macaulay: ‘The study of Macaulay has been a labour of love. To enter into his mind is to be refreshed and inspired'. Such sentiment could also well apply to Macgregor. For those interested in industrial economics and from a Marshallian perspective, Macgregor continues to offer the promise of refreshment and inspiration.