Economics Dictionary of ArgumentsHome
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| Marginalism - Economics Dictionary of Arguments | |||
| Marginalism: Marginalism in economics analyzes decision-making based on incremental changes in costs or benefits. It emphasizes the importance of marginal utility (extra satisfaction from consuming one more unit) and marginal cost in optimizing choices. Central to modern economics, marginalism explains pricing, resource allocation, and consumer behavior by focusing on the effects of small adjustments._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Austrian School | Marginalism | Austrian School, | |
| Leontief, Wassily | Marginalism | Leontief, Wassily | |
| Ricardo, David | Marginalism | Ricardo, David | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-04-20 | |||
