marginalist


Also found in: Encyclopedia, Wikipedia.

marginalist

(ˈmɑːdʒɪnəlɪst)
n
(Economics) somene who adheres to the theory of marginalism
adj
(Economics) of or relating to marginalism
References in periodicals archive ?
The subjectivist revolution of the late nineteenth century had been left incomplete (Lachmann, 1978b), with the early marginalists paying attention only to the first realm of subjectivism while ignoring the second Moreover, this neglect of subjective expectations had continued as marginalist economics developed during the twentieth century (2)
The marginalist revolution separated value theory in two specters: the objective theory of value and the subjective theory of value.
This theory of wages contradicted the neoclassical theory of marginal productivity developed by John Bates Clark in the late 1880s as part of the marginalist revolution in economics.
Unlike products that contain labour components in their value, the land component within real property has no cost of production, which means that its supply function cannot be constructed from marginalist supply theory (Jones, 1976).
5) Cournot's analysis of profit maximization was extended to utility maximization with the Marginalist revolution of Jevons, Menger, and Walras.
As mentioned, the classical economists, including Mill, predated the marginalist revolution, and therefore did not have a correct understanding of wage determination.
This marginalist approach toward the enforceability of a contract
For a good account of the marginalist revolution, see Lionel Robbins, A History of Economic Thought (Princeton: Princeton University Press, 1998), 287-301.
have been termed traditionalist, integrationist, assimilationist, and marginalist (Obasi, 2005).
Since the marginalist revolution, the normative view argued by the economics profession has been the resource-allocation approach.
However learning how to pick up the arrow, at a time when all marginalist evaluations seem to point towards a threshold beyond which stupidity will prevail, is also learning how to resist the wisdom that would propose to renounce trust, to renounce believing in this world, in this life.