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Mr. Dupuit and the marginalists

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  • Rothengatter, Werner

Abstract

•Comparable to the general theory of J. M. Keynes the work of J. Dupuit has been misunderstood by neo-classical economists.•Dupuit is not a marginalist rather than discovered early the importance of product and price discriminations for sectors operating under high fixed costs.•He was also not the founder of Marshall's partial economic approach to CBA rather than prepared the „secret origins of wider economic impacts“ of transport investments.

Suggested Citation

  • Rothengatter, Werner, 2018. "Mr. Dupuit and the marginalists," Transport Policy, Elsevier, vol. 70(C), pages 32-39.
    • Handle: RePEc:eee:trapol:v:70:y:2018:i:c:p:32-39
    DOI: 10.1016/j.tranpol.2017.09.003
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    References listed on IDEAS

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    1. Baumol, William J, 1982. "Contestable Markets: An Uprising in the Theory of Industry Structure," American Economic Review, American Economic Association, vol. 72(1), pages 1-15, March.
    2. Poinsot, Philippe, 2016. "Jules Dupuit And The Railroads: What Is The Role Of The State?," Journal of the History of Economic Thought, Cambridge University Press, vol. 38(2), pages 189-209, June.
    3. Rothengatter, Werner, 2017. "Wider economic impacts of transport infrastructure investments: Relevant or negligible?," Transport Policy, Elsevier, vol. 59(C), pages 124-133.
    4. Anthony J. Venables, 2007. "Evaluating Urban Transport Improvements: Cost-Benefit Analysis in the Presence of Agglomeration and Income Taxation," Journal of Transport Economics and Policy, University of Bath, vol. 41(2), pages 173-188, May.
    5. Wagner, Alfred, 1891. "Marshall's Principles of Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 319-338.
    6. Smith, Adam, 1776. "An Inquiry into the Nature and Causes of the Wealth of Nations," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number smith1776.
    7. Walter Y. Oi, 1971. "A Disneyland Dilemma: Two-Part Tariffs for a Mickey Mouse Monopoly," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 85(1), pages 77-96.
    8. R. B. Ekelund & Jr., 1968. "Jules Dupuit and the Early Theory of Marginal Cost Pricing," Journal of Political Economy, University of Chicago Press, vol. 76, pages 462-462.
    9. repec:ucp:bkecon:9780226199993 is not listed on IDEAS
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