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Author: Bert Mosselmans
Publisher: Economy Key Ideas
ISBN: 9781911116660
Category : Business & Economics
Languages : en
Pages : 184
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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
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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 : Business & Economics
Languages : en
Pages : 352
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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: Simon Clarke
Publisher: Springer
ISBN: 1349218081
Category : Social Science
Languages : en
Pages : 349
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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: Ian Steedman
Publisher: Routledge
ISBN: 1134790767
Category : Business & Economics
Languages : en
Pages : 272
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Book Description
The rise to dominance of marginalist economics coincided with a major increase in the spread of socialist ideas. As many socialist and Marxist thinkers were preocuppied with economic questions this was scarcely a development that could be ignored. Socialists either had to defend Marxist economics against marginalist criticism or show that socialism and marginalism were compatible. This volume explores the varied socialist responses in a number of major European countries including Italy, France, Russia and German speaking countries.
Author: Gareth Dale
Publisher: Polity
ISBN: 0745640710
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
Karl Polanyi’s The Great Transformation is generally acclaimed as being among the most influential works of economic history in the twentieth century, and remains as vital in the current historical conjuncture as it was in his own. In its critique of nineteenth-century ‘market fundamentalism’ it reads as a warning to our own neoliberal age, and is widely touted as a prophetic guidebook for those who aspire to understand the causes and dynamics of global economic turbulence at the end of the 2000s. Karl Polanyi: The Limits of the Market is the first comprehensive introduction to Polanyi’s ideas and legacy. It assesses not only the texts for which he is famous – prepared during his spells in American academia – but also his journalistic articles written in his first exile in Vienna, and lectures and pamphlets from his second exile, in Britain. It provides a detailed critical analysis of The Great Transformation, but also surveys Polanyi’s seminal writings in economic anthropology, the economic history of ancient and archaic societies, and political and economic theory. Its primary source base includes interviews with Polanyi’s daughter, Kari Polanyi-Levitt, as well as the entire compass of his own published and unpublished writings in English and German. This engaging and accessible introduction to Polanyi’s thinking will appeal to students and scholars across the social sciences, providing a refreshing perspective on the roots of our current economic crisis.
Author: Fouad Sabry
Publisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : en
Pages : 346
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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: Martin H. Krieger
Publisher: Russell Sage Foundation
ISBN: 1610443403
Category : Social Science
Languages : en
Pages : 207
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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: Alessandro Roncaglia
Publisher: Cambridge University Press
ISBN: 110717533X
Category : Business & Economics
Languages : en
Pages : 321
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Book Description
A clear and concise history of economic thought, developed from the author's award-winning book, The Wealth of Ideas.
Author: Dimitris Milonakis
Publisher: Taylor & Francis
ISBN: 0415423228
Category : Business & Economics
Languages : en
Pages : 388
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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: Heinz D. Kurz
Publisher: Columbia University Press
ISBN: 0231540752
Category : Business & Economics
Languages : en
Pages : 221
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Book Description
In this concise yet comprehensive history, Heinz D. Kurz traces the long arc of economic thought from its emergence in ancient Greece to its systematic presentation among the classical thinkers of the late eighteenth and early nineteenth centuries to the influential work of scholars such as Paul Samuelson and Kenneth J. Arrow. With a keen eye for how economic insights are acquired, lost, and reborn, Kurz focuses on the dynamic individuals who give old ideas new life and the historical events that provoke different approaches and theories. Over the course of this journey, Kurz explains what Adam Smith meant by the "invisible hand"; how Karl Marx's "law of motion" works in capitalist economies; the roots of the Austrian economists' emphasis on the problems of information, incomplete knowledge, and uncertainty; John Maynard Keynes's principle of effective demand and economic stabilization; and the insights and challenges offered by growth theory, welfare economics, game theory, and more. He concludes with a deft summation of world economists' major concerns today and their critical relation to world events.
