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Marginal utility

In mainstream economics, marginal utility refers to the change in utility (pleasure or satisfaction resulting from the consumption) of one unit of a good or service. Marginal utility can be positive, negative, or zero. Negative marginal utility implies that every consumed additional unit of a commodity causes more harm than good, leading to a decrease in…

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Overview

Marginality

Utility

Law of diminishing marginal utility

Marginalist theory

Quantified marginal utility

History

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Marginal utility

Nodes113
Edges112
Triples89
Avg. degree1.98
Density0.017699
Components1

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Marginal utility

Top relations

related to Marginalists before the Revolution · 23
Marginal utility → Bernoulli, Both Bernoulli, Cramer, Daniel Bernoulli, Distinguished Not Only, Exchange, Gabriel Cramer, However, In, Lecture, Lectures, Lloyd, Notion, Petersburg, Poor Laws, Population, Rent, Specimen, St, The
related to Revival · 12
Marginal utility → Allen, Although, Bernoulli, Hicks, Morgenstern, Neumann, Ramsey, Savage, Slutsky, So, The, When Cramer
related to Reformulation · 11
Marginal utility → Allen, Because, Bolshevik Revolution, Eugen Slutsky, Francis Ysidro Edgeworth, In, John Richard Hicks, Later, Mathematical Psychics, Slutsky's, World War
related to history · 8
Marginal utility → Alfred Marshall, Austrian, Economists, Friedrich, Grenznutzen, The, Wieser, Wieser's
related to External links · 5
Marginal utility → Marginal, Media, Originality, Wikimedia CommonsMaximization, Wiktionary-logo-en-v2
related to Further reading · 5
Marginal utility → Downey, Journal, JSTOR, Political Economy, The Futility
related to Market price and diminishing marginal utility · 5
Marginal utility → However, If, In, The, This
related to Law of diminishing marginal utility · 4
Marginal utility → Assumptions, For, The, This
related to Proto-marginalist approaches · 4
Marginal utility → Aristotle's, Aristotle's Politics, Perhaps, There
related to Quantified marginal utility · 2
Marginal utility → Moreover, Under

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Important terminology

utility marginal theory value diminishing good economists economics unit service marginalism work menger consumption economic first concept additional quantified law

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Marginal utilityis asignificant concept in cardinal utility0.90text
Mason Gaffney view marginalisminstance ofOne important critique of marginalism came from neo-Ricardian economist Piero Sraffa.Followers of Henry George's ideas0.80text
neoclassical economics as a response to Progressinstance ofOne important critique of marginalism came from neo-Ricardian economist Piero Sraffa.Followers of Henry George's ideas0.80text
Povertyinstance ofOne important critique of marginalism came from neo-Ricardian economist Piero Sraffa.Followers of Henry George's ideas0.80text
which was published in 1879.In the 1980s John Roemerinstance ofOne important critique of marginalism came from neo-Ricardian economist Piero Sraffa.Followers of Henry George's ideas0.80text
other analytical Marxists have worked to rebuild Marxian theses on a marginalist foundation.ReformulationIn his 1881 work Mathematical Psychicsinstance ofOne important critique of marginalism came from neo-Ricardian economist Piero Sraffa.Followers of Henry George's ideas0.80text
Francis Ysidro Edgeworth presented the indifference curveinstance ofOne important critique of marginalism came from neo-Ricardian economist Piero Sraffa.Followers of Henry George's ideas0.80text
deriving its properties from marginalist theory which assumed utility to be a differentiable function of quantified goodsinstance ofOne important critique of marginalism came from neo-Ricardian economist Piero Sraffa.Followers of Henry George's ideas0.80text
servicesinstance ofOne important critique of marginalism came from neo-Ricardian economist Piero Sraffa.Followers of Henry George's ideas0.80text
other analytical Marxists have worked to rebuild Marxian theses on a marginalist foundationinstance ofOne important critique of marginalism came from neo-Ricardian economist Piero Sraffa.Followers of Henry George's ideas0.80text
Marginal utilityrelated to External linksWiktionary-logo-en-v20.60section
Marginal utilityrelated to External linksMedia0.60section

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