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The Rise of the Marginal Utility School, 1870-1889
Hardcover
ISBN13: 9780231071529
Publisher: Columbia University Press
Published: Dec 29 1989
Pages: 304
Weight: 1.20
Height: 1.07 Width: 6.31 Depth: 9.30
Language: English
The concept of the utility or satisfaction that an article gives its consumer first found a key place in the study of economics between the years 1871 and 1889. Its introduction marked a radical change in the viewpoint of economists. Although earlier economists had not wholly ignored utility, they had not used it effectively because genearlly they had not regarded it from a convenient point of view.
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