Abstract
The classical approach to value and distribution was openly declared to be insufficient around 1870 in the so-called “marginalist revolution”,1 which is commonly associated with the works of William Stanley Jevons (1871), Carl Menger (1871) and Léon Walras (1874/77). At the end of this “revolution” stood Alfred Marshall’s Principles of Economics ([1890]1925) which established the so-called neoclassical explanation of value.
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© 2000 Springer-Verlag Berlin Heidelberg
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Baumgärtner, S. (2000). Neoclassical theory from partial to general equilibrium analysis. In: Ambivalent Joint Production and the Natural Environment. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-57658-4_7
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DOI: https://doi.org/10.1007/978-3-642-57658-4_7
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-1290-9
Online ISBN: 978-3-642-57658-4
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