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Author: Bert Mosselmans Publisher: Economy Key Ideas ISBN: 9781911116660 Category : Business & Economics Languages : en Pages : 184
Book Description
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. This book explores the origins of the concept, its development, and its role in modern economics and shows why the marginalist approach is much more than a set of mathematical rules.
Author: Bert Mosselmans Publisher: Economy Key Ideas ISBN: 9781911116660 Category : Business & Economics Languages : en Pages : 184
Book Description
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. This book explores the origins of the concept, its development, and its role in modern economics and shows why the marginalist approach is much more than a set of mathematical rules.
Author: Steven E. Rhoads Publisher: Cambridge University Press ISBN: 9780521317641 Category : Political Science Languages : en Pages : 352
Book Description
This book explains and assesses the ways in which micro, welfare and benefit-cost economists view the world of public policy. In general terms, microeconomic concepts and models can be seen to appear regularly in the work of political scientists, sociologists and psychologists. As a consequence, these and related concepts and models have now had sufficient time to influence strongly and to extend the range of policy options available to government departments. The central focus of this book is the 'cross-over' from economic modelling to policy implementation, which remains obscure and uncertain. The author outlines the importance of a wider knowledge of microeconomics for improving the effects and orientation of public policy. He also provides a critique of some basic economic assumptions, notably the 'consumer sovereignty principle'. Within this context the reader is in a better position to understand the 'marvellous insights and troubling blindnesses' of economists where often what is controversial politically is not so controversial among economists.
Author: Fouad Sabry Publisher: One Billion Knowledgeable ISBN: Category : Business & Economics Languages : en Pages : 346
Book Description
What is Marginalism A theory of economics known as marginalism makes an effort to explain the disparity in the value of commodities and services by referring to their secondary utility, also known as marginal utility. It is stated that the reason why the price of diamonds is higher than that of water, for example, is due to the fact that gems provide a bigger added satisfaction than water does. It can be concluded that the diamond has a higher marginal utility, despite the fact that the water has a higher overall utility. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Marginalism Chapter 2: Austrian school of economics Chapter 3: Neoclassical economics Chapter 4: Perfect competition Chapter 5: Supply and demand Chapter 6: Utility Chapter 7: Indifference curve Chapter 8: Eugen von Böhm-Bawerk Chapter 9: Principles of Economics (Menger book) Chapter 10: Friedrich von Wieser Chapter 11: Consumer choice Chapter 12: Capital and Interest Chapter 13: Subjective theory of value Chapter 14: Marginal rate of substitution Chapter 15: St. Petersburg paradox Chapter 16: Theory of value (economics) Chapter 17: Cardinal utility Chapter 18: Margin (economics) Chapter 19: Marginal utility Chapter 20: Criticisms of the labour theory of value Chapter 21: Preference (economics) (II) Answering the public top questions about marginalism. (III) Real world examples for the usage of marginalism in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Marginalism.
Author: Simon Clarke Publisher: Springer ISBN: 1349218081 Category : Social Science Languages : en Pages : 349
Book Description
Marx, Marginalism and Modern Sociology offers an original interpretation of Marx's critique of political economy as the basis of a critique of modern economics and sociology. The core of the book is an account of Marx's theory of alienated labour as the basis of Marx's work as a whole. The critical implications of this theory are developed through an analysis of the historical development of liberal social theory from political economy to the modern disciplines of economics and sociology.
Author: Martin H. Krieger Publisher: Russell Sage Foundation ISBN: 1610443403 Category : Social Science Languages : en Pages : 207
Book Description
Marginalism and Discontinuity is an account of the culture of models employed in the natural and social sciences, showing how such models are instruments for getting hold of the world, tools for the crafts of knowing and deciding. Like other tools, these models are interpretable cultural objects, objects that embody traditional themes of smoothness and discontinuity, exchange and incommensurability, parts and wholes. Martin Krieger interprets the calculus and neoclassical economics, for example, as tools for adding up a smoothed world, a world of marginal changes identified by those tools. In contrast, other models suggest that economies might be sticky and ratchety or perverted and fetishistic. There are as well models that posit discontinuity or discreteness. In every city, for example, some location has been marked as distinctive and optimal; around this created differentiation, a city center and a city periphery eventually develop. Sometimes more than one model is applicable—the possibility of doom may be seen both as the consequence of a series of mundane events and as a transcendent moment. We might model big decisions or entrepreneurial endeavors as sums of several marginal decisions, or as sudden, marked transitions, changes of state like freezing or religious conversion. Once we take models and theory as tools, we find that analogy is destiny. Our experiences make sense because of the analogies or tools used to interpret them, and our intellectual disciplines are justified and made meaningful through the employment of characteristic toolkits—a physicist's toolkit, for example, is equipped with a certain set of mathematical and rhetorical models. Marginalism and Discontinuity offers a provocative and wide-ranging consideration of the technologies by which we attempt to apprehend the world. It will appeal to social and natural scientists, mathematicians and philosophers, and thoughtful educators, policymakers, and planners.
Author: Janek Wasserman Publisher: Yale University Press ISBN: 0300228228 Category : Business & Economics Languages : en Pages : 367
Book Description
A group history of the Austrian School of Economics, from the coffeehouses of imperial Vienna to the modern-day Tea Party The Austrian School of Economics--a movement that has had a vast impact on economics, politics, and society, especially among the American right--is poorly understood by supporters and detractors alike. Defining themselves in opposition to the mainstream, economists such as Ludwig von Mises, Friedrich Hayek, and Joseph Schumpeter built the School's international reputation with their work on business cycles and monetary theory. Their focus on individualism--and deep antipathy toward socialism--ultimately won them a devoted audience among the upper echelons of business and government. In this collective biography, Janek Wasserman brings these figures to life, showing that in order to make sense of the Austrians and their continued influence, one must understand the backdrop against which their philosophy was formed--notably, the collapse of the Austro-Hungarian Empire and a half-century of war and exile.
Author: Dimitris Milonakis Publisher: Taylor & Francis ISBN: 0415423228 Category : Business & Economics Languages : en Pages : 388
Book Description
Shows how economics was once rich, diverse, multidimensional and pluralistic. Details how political economy became economics through the desocialisation and dehistoricisation of the dismal science.
Author: Bert Mosselmans
Author: Bert Mosselmans
Author: Steven E. Rhoads
Author: Alessandro Roncaglia
Author: Fouad Sabry
Author: Simon Clarke
Author: Ian Steedman
Author: Martin H. Krieger
Author: Alessandro Roncaglia
Author: Janek Wasserman
Author: Dimitris Milonakis