A Theory of Marginal Ethics

Résumé Under the triple auspices of William Stanley Jevons, Carl Menger, and Léon Walras, the marginal revolution marked the beginning of neoclassical economics. Individuals, we were now told, make economic decisions “on the margin”. That is, the value of a given good is determined by its secondary, or marginal, utility. Before, the classical theories rather … Continuer la lecture de A Theory of Marginal Ethics