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.
