Chapter

The Triumph of Utilitarianism and the Marginalist Revolution

Ernesto Screpanti and Stefano Zamagni

in An Outline of the History of Economic Thought

Published in print August 1995 | ISBN: 9780198774556
Published online November 2003 | e-ISBN: 9780191717383 | DOI: http://dx.doi.org/10.1093/0198774559.003.0006
 The Triumph of Utilitarianism and the Marginalist Revolution

More Like This

Show all results sharing this subject:

  • History of Economic Thought

GO

Show Summary Details

Preview

Exposes the basic principles of neoclassical theoretical system and then provides an answer to the question: was the marginalist a real revolution? The specific contributions of Jevons, Menger, and Walras are considered in some detail. The reasons for success of the marginalist revolution are finally discussed.

Keywords: allocation of resources; auctioneer; general equilibrium; imputation; marginal utility; Methodenstreit; methodological individualism; opportunity cost; scarcity

Chapter.  15561 words. 

Subjects: History of Economic Thought

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.