Marquand was born in Cardiff 24 December 1901, the eldest son of Alfred Marquand, a clerk, and his wife Mary Adair. He died at Hellingly Hospital, Sussex on 6 November 1972. He was educated at Cardiff High School and then, with the aid of a state scholarship, at University College, Cardiff; he graduated with first class honours in history in 1923 and economics the following year. Awarded both the Gladstone and Cobden prizes for his undergraduate studies, he then benefited from a Laura Spelman Rockefeller Foundation Fellowship which permitted him to spend two years as a postgraduate in the United States. Much of this period was spent at the University of Wisconsin, the centre of institutionalist analysis in American economics under the leadership of John R. Commons (1862–1945). Whilst institutionalism was no longer quite the challenge to neo-classicism that it had once been in America, Marquand's arrival in Wisconsin coincided with the publication of Commons's Legal Foundations of Capitalism (1924) and a sustained effort to develop the economics department at Wisconsin as a leading centre for postgraduate economics education (Lampman 1993). We can hypothesize that it was here that Marquand was first exposed to heterodox economics, to labour economics and industrial relations in particular, and to the model of economists as active contributors to local and national politics and policy.
From The Biographical Dictionary of British Economists in Oxford Reference.