The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Economic Surplus and the Equimarginal Principle

  • Maurice Allais
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_183

Abstract

Marginal analysis is actually only a particular case of a more general theory, the theory of surpluses and the economy of markets, which, if considered first, facilitates the discussion of the equimarginal principle.

Keywords

Allais, M. Economic surplus Economy of markets Equimarginal principle General equilibrium Marginalism Marginal equivalence Marginal rate of substitution Maximum efficiency Preference index Production functions Surplus 

JEL Classifications

D5 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Maurice Allais
    • 1
  1. 1.