Rethinking the "Marginal Revolution" in the History of Economic Thought: A Brief Examination of the Marginal Utility Theory Before and in the 1870s
Date of Award
Robert Urquhart, Ph.D.
History of economic thought, Marginal revolution, Marginal utility, Utility, Value
The "Marginal Revolution," a well-known event in the history of economic thought, challenged the mainstream classical political economy and introduced new methods to economic study. The "Marginal Revolution" marked the rise of the Marginal Utility School and pushed the formulation of neoclassical economics. Because marginal utility is the core concept of the "Marginal Revolution," this thesis studies the origin of marginal utility theory by examining figures such as Bernoulli, Bentham, Dupuit, and Goseen, and the utility theory with its related topics of Jevons, Menger and Walras in the 1870s. This thesis considers the significance of the "Marginal Revolution," with particular focus on whether this event can be considered revolutionary.
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Ning, Ding, "Rethinking the "Marginal Revolution" in the History of Economic Thought: A Brief Examination of the Marginal Utility Theory Before and in the 1870s" (2016). Electronic Theses and Dissertations. 1106.
Received from ProQuest
Economics, Economic History