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Title:

Marginal Unit vs. Marginal Unit — some additional thoughts on the differences between Menger, Jevons, and Walras

Creator:

Machaj, Mateusz

Subject and Keywords:

Jevons, William Stanley (1835-1882) ; Menger, Carl (1840-1921) ; Walras, Léon (1834-1910) ; marginalism ; neoclassicism ; Austrian school

Description:

Od 2013 pt.: Ekonomia - Wroclaw Economic Review

Abstract:

Scholars usually trace the basics of the neoclassical theory back to the marginal revolution, in which three great thinkers amended the fundamentals of modern consumer and production theory. Scholars also recognize, however, important differences between those three thinkers’ works — in the nature of the neoclassical framework and its application to the real world, especially in the field of political economy. In this note, we argue that the main difference in these works, not identified in previous publications on the subject of “dehomogenization”, is their understanding of the marginal unit. We demonstrate the relevance of this important difference in the socialist-calculation debate

Place of publishing:

Wrocław

Publisher:

Wydawnictwo Uniwersytetu Wrocławskiego

Date issued:

2015

Identifier:

ISSN 2084-4093

Language:

eng

Relation:

Acta Universitatis Wratislaviensis, ISSN 0239-6661 ; no 3713. Ekonomia, ISSN 2084-4093 ; 21/4, s. 9-16

Is version of:

Czasopisma Naukowe w Sieci (CNS)

Rights holder:

© Copyright by Wydawnictwo Uniwersytetu Wrocławskiego Sp. z o.o., Wrocław 2015

Autor opisu:

WR U/PAdjm