Marginal utility theory in original conception of Carl Menger
The article claims that marginal utility theory (as the framework of neoclassical microeconomics) cannot be reduced into mere mathematical formula. Indeed, the theory is a chain of some general ideas reaching intrinsic roots of economics. Therefore the article does not focus on describing the theory itselfs and its application in consumer behavior theory, but endeavour for tracing out the backround, which has originated the concept of marginal utility. For the sake of clarity and simplicity of interpretation it was choosen Menger's Principles of Economics rather than Walras' or Jevons' works on this field in order to come true the stated target.
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Article provided by University of Economics, Prague in its journal Politická ekonomie
Volume (Year): 1999 (1999)Handle:
Issue (Month): 3 ()
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Postal: Redakce Politické ekonomie, Vysoká škola ekonomická, nám. W. Churchilla 4, 130 67 Praha 3
Related researchKeywords: utility
; marginal utility
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