Marginalism

What is Marginalism

A theory of economics known as marginalism makes an effort to explain the disparity in the value of commodities and services by referring to their secondary utility, also known as marginal utility. It is stated that the reason why the price of diamonds is higher than that of water, for example, is due to the fact that gems provide a bigger added satisfaction than water does. It can be concluded that the diamond has a higher marginal utility, despite the fact that the water has a higher overall utility.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Marginalism

Chapter 2: Austrian school of economics

Chapter 3: Neoclassical economics

Chapter 4: Perfect competition

Chapter 5: Supply and demand

Chapter 6: Utility

Chapter 7: Indifference curve

Chapter 8: Eugen von Böhm-Bawerk

Chapter 9: Principles of Economics (Menger book)

Chapter 10: Friedrich von Wieser

Chapter 11: Consumer choice

Chapter 12: Capital and Interest

Chapter 13: Subjective theory of value

Chapter 14: Marginal rate of substitution

Chapter 15: St. Petersburg paradox

Chapter 16: Theory of value (economics)

Chapter 17: Cardinal utility

Chapter 18: Margin (economics)

Chapter 19: Marginal utility

Chapter 20: Criticisms of the labour theory of value

Chapter 21: Preference (economics)

(II) Answering the public top questions about marginalism.

(III) Real world examples for the usage of marginalism in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Marginalism.

Dettagli