What does marginalist mean?
Definitions for marginalist
marginal·ist
This dictionary definitions page includes all the possible meanings, example usage and translations of the word marginalist.
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Wiktionary
marginalistnoun
A user or practiser of marginalism
Wikipedia
marginalist
Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility. It states that the reason why the price of diamonds is higher than that of water, for example, owes to the greater additional satisfaction of the diamonds over the water. Thus, while the water has greater total utility, the diamond has greater marginal utility. Although the central concept of marginalism is that of marginal utility, marginalists, following the lead of Alfred Marshall, drew upon the idea of marginal physical productivity in explanation of cost. The neoclassical tradition that emerged from British marginalism abandoned the concept of utility and gave marginal rates of substitution a more fundamental role in analysis. Marginalism is an integral part of mainstream economic theory.
Numerology
Chaldean Numerology
The numerical value of marginalist in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of marginalist in Pythagorean Numerology is: 6
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"marginalist." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/marginalist>.
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