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Marginalism

Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility. For example, it states that the reason why the price of diamonds is higher than that of water owes to the greater additional satisfaction of the diamonds over the water. Thus, while the…

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Application to price theory

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Marginalism

Nodes134
Edges133
Triples71
Avg. degree1.99
Density0.014925
Components1

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Marginalism

Top relations

related to Marginal Revolution · 22
Marginalism → Adam Smith, Austria, Carl Menger, Clark, David Ricardo, Each, England, Individuals, Jevons, Léon Walras, Meghnad Desai, Menger, Similarly, Switzerland, The, The American John Bates, This, Thomas Malthus, Thus, Walras
related to Marxist adaptations to marginalism · 10
Marginalism → Marx, Marxian, Marxism, Marxist, Marxists, Michał Kalecki, Oskar Lange, Some, They, Włodzimierz Brus
related to Marginal utility · 7
Marginalism → But, German, Grenznutzen, In, On, The, Under
related to Demand · 5
Marginalism → At, Demand, Given, Hence, The
related to Marxist criticism of marginalism · 5
Marginalism → Capital, His, In, Karl Marx, Nikolai Bukharin
related to Marginal cost · 3
Marginalism → At, In, Neoclassical
related to Supply · 3
Marginalism → Both, Marginalists, Marshall
is a · 2
Marginalism → integral part of mainstream economic theory, theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary
instance of · 2
Marginalism → Dobb contended that this statement indicated that marginalism is intended to insulate market economics from criticism by making prices the natural result of the given income dis…, Marxist adaptations to marginalismSome economists strongly influenced by the Marxian tradition
related to Marginal use · 2
Marginalism → Descriptive, The

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Important terminology

utility marginal theory economics good value use diminishing price service would economic neoclassical work menger demand given supply substitution marshall

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Marginalismis atheory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary0.90text
Marginalismis aintegral part of mainstream economic theory0.90text
those of Gossen had largely fallen on deaf earsinstance ofproto-marginalist ideas0.80text
Oskar Langeinstance ofDobb contended that this statement indicated that marginalism is intended to insulate market economics from criticism by making prices the natural result of the given income dis…0.80text
Włodzimierz Brusinstance ofDobb contended that this statement indicated that marginalism is intended to insulate market economics from criticism by making prices the natural result of the given income dis…0.80text
and Michał Kalecki have attempted to integrate it with the insights of classical political economyinstance ofDobb contended that this statement indicated that marginalism is intended to insulate market economics from criticism by making prices the natural result of the given income dis…0.80text
marginalisminstance ofDobb contended that this statement indicated that marginalism is intended to insulate market economics from criticism by making prices the natural result of the given income dis…0.80text
and neoclassical economicsinstance ofDobb contended that this statement indicated that marginalism is intended to insulate market economics from criticism by making prices the natural result of the given income dis…0.80text
Oskar Langeinstance ofMarxist adaptations to marginalismSome economists strongly influenced by the Marxian tradition0.80text
Włodzimierz Brusinstance ofMarxist adaptations to marginalismSome economists strongly influenced by the Marxian tradition0.80text
and Michał Kalecki have attempted to integrate it with the insights of classical political economyinstance ofMarxist adaptations to marginalismSome economists strongly influenced by the Marxian tradition0.80text
marginalisminstance ofMarxist adaptations to marginalismSome economists strongly influenced by the Marxian tradition0.80text

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