Marginalism
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A01=Bert Mosselmans
Author_Bert Mosselmans
capital
Category=KCA
cost
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Jevons
marginal revolution
Menger
price
value
wages
Walras
Product details
- ISBN 9781911116677
- Dimensions: 158 x 210mm
- Publication Date: 26 Jul 2018
- Publisher: Edinburgh University Press
- Publication City/Country: GB
- Product Form: Paperback
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The notion of marginalism is central to modern economic theory. Its emergence, in the 1870s, underpinned the change from classical economics to modern (micro)economics, described by Schumpeter as a “revolution”. This book explores the origins of the concept, its development and role in modern economics and shows why the marginalist approach is much more than a set of mathematical rules.
By exploring the origins and development of the marginalist approach within the history of economic thought, rather than seeking to explain it in forbidding formal terms, the book is better able to show students the wider importance of the marginalist approach in economic theory and its far-reaching societal implications in terms of the distribution of wages and capital. For anyone who has struggled with the technicalities of microeconomic theory, this approach will be warmly welcomed.
Bert Mosselmans is Professor of Economics and Philosophy at Vesalius College, Brussels.
