Marginalism
Book Details
Format
Paperback / Softback
Book Series
The Economy: Key Ideas
ISBN-10
1911116673
ISBN-13
9781911116677
Publisher
Edinburgh University Press
Imprint
Agenda Publishing
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jul 26th, 2018
Print length
176 Pages
Weight
264 grams
Dimensions
15.00 x 21.00 x 1.50 cms
Product Classification:
Economic theory & philosophyEconomic theory and philosophy
Ksh 4,550.00
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Marginalism's emergence in the 1870s underpinned the change from classical economics to modern (micro)economics. 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.
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.
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