Marginal Revolution in Economics

A Reappraisal

Toru Maruyama

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English

Springer Verlag, Singapore
03 January 2024

Economic theory & philosophy; Economic history; Applied mathematics

Series: Monographs in Mathematical Economics

This volume is devoted to a reappraisal of the Marginal Revolution on the occasion of its 150th anniversary.

The year 1871 should be remembered as one of the most important turning points in the history of economics. W. S. Jevons, C. Menger, and L. Walras published epochal works at the very beginning of the 1870s. Although these works were written independently, they shared a common mathematical structure based on classical analysis. For this reason, the emergence of the trio is called the Marginal Revolution. Indeed, 1871 is the starting point of modern economics in the proper sense.

In 1971, several academic conferences were held on the occasion of the 100th anniversary of the Revolution, which exerted the stimulating influence upon the historical researches into the Revolution. Now more than fifty years have passed since then. Economic theory has experienced further substantial changes in researchers’ central interest, the way of reasonings and the styles of description during this period. In view of the new achievements acquired in recent fifty years, it seems an indispensable task for us to review and reevaluate the Marginal Revolution based upon the present status of economics.

We also keep in mind that some concepts and doctrines once discarded could reappear in a later stage of history in a more or less transfigured form.

The introductory chapter will be a guide for readers not only from the economics community but also from the mathematics community.

Edited by: Toru Maruyama
Imprint: Springer Verlag, Singapore
Country of Publication: Singapore
Edition: 2023 ed.
Volume: 6
Dimensions: Height: 235mm, Width: 155mm,
Weight: 576g
ISBN: 9789819943418
ISBN 10: 9819943418
Series: Monographs in Mathematical Economics
Pages: 259
Publication Date: 03 January 2024
Audience: Professional and scholarly , College/higher education , Undergraduate , Further / Higher Education
Format: Hardback
Publisher's Status: Active

The editor is currently Professor Emeritus at Keio University.