Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun A user or practiser of
marginalism
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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But as I've emphasized, one person's pacifism is highly unlikely to change the outcome of a war, so in marginalist terms, it isn't really a cost.
Asymmetric Sell-Outs, Bryan Caplan | EconLog | Library of Economics and Liberty 2009
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They must change their concept of excellence in means from the 130 year old marginalist concept of efficiency to the managerial combination of efficiency and effectiveness.
Economists as Heretics, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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A Kuhnian revolution developed in the teeth of the Marshall/Keynes counter-revolution against Menger's original marginalist/subjectivist revolution.
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Precisely because the mathematico-logical models of my marginalist colleagues are radically incomplete, it is quite possible for market values bubbles to rise to a dizzying height above any plausible “fundamental value” …
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They failed to extend the marginalist logic of value to heterogeneous capital goods through time, and so lacked a modern economics of the capitalist system through time.
The Great Depression, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Eli is using marginalist economics not to predict what will happen in markets but rather to explain what happens in economies.
Unstable Information Economy, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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This issue concerns both Friedman's fifty year old proposition that economists ought to limit themselves to theories that predict and Arrow's forty year old observation that if economists allow learning through experience, the marginalist world-view falls apart.
Statistical Jargon, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Hayek's work moved economics from a world of logical givens and non-marginalist assumptions to a fully "individualist" explanatory system where unique entrepreneurial learners in a context of changing relative prices provided the causal explanatory "variable".
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This issue concerns both Friedman's fifty year old proposition that economists ought to limit themselves to theories that predict and Arrow's forty year old observation that if economists allow learning through experience the marginalist world-view falls apart.
Statistical Jargon, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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In a sense it was a second "Kuhnian" revolution completing Menger's original marginalist revolution but extended into the fields of comparative economics, monetary theory, and distribution theory.
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