The marginal revolution saw the introduction of the idea of marginal utility into economics in the early 1870s by Jevons, Walras and Menger. This change in economic theory was a slower process than the word ‘revolution’ suggests, and, to understand the changes associated with it, it is necessary to explore the scientific, social and political context in which they occurred.
KeywordsClark, J. B. Classical economics Cliffe Leslie, T. E. Collectivism Cournot, A. A. Energetics Eugenics Evolution Evolutionary psychology Fabian economics Green, T. H. Income distribution Individualism Ingram, J. K. Jevons, W. S. Marginal revolution Marginal utility Marshall, A. Marxism Mathematics and economics Menger, C. Mill, J. S. Mirowski, P. Poverty Rau, K. H. Say, J.-B. Schumpeter, J. A. Simultaneous equations Social Darwinism Socialism Statistics and economics Steuart, J. Subjective theory of value Supply and demand theory of value Utilitarianism Walras, L. Wicksell, J. G. K.
- Blaug, M. 1996. Economic theory in retrospect, 5th ed. Cambridge: Cambridge University Press.Google Scholar
- De Marchi, N. (ed.) 1993. Non-natural social science: Reflecting on the enterprise of more heat than light. Durham: Duke University Press. Also in History of Political Economy 25(Suppl): 271–282.Google Scholar
- Hutchison, T.W. 1953. A review of economic doctrines, 1870–1929. Oxford: Oxford University Press.Google Scholar
- Hutchison, T.W. 1978. On revolutions and progress in economic knowledge. Cambridge: Cambridge University Press.Google Scholar
- Maas, H.B.J.B. 2005. William Stanley Jevons and the making of modern economics. Cambridge: Cambridge University Press.Google Scholar
- O’Brien, D.P. 1990. Marshall’s work in relation to classical economics. In Centenary essays on Alfred Marshall, ed. J. Whitaker. Cambridge: Cambridge University Press.Google Scholar
- Richter, M. 1964. The politics of conscience: T.H. Green and his age. London: Weidenfeld & Nicolson.Google Scholar
- Stedman Jones, G. 1984. Outcast London: A study in the relationship between classes in Victorian society, 2nd ed. New York: Pantheon Books.Google Scholar
- Streissler, E.W. 1990. The influence of German economics on the work of Menger and Marshall. History of Political Economy 22(Annual Supplement): 31–68.Google Scholar
- Whitaker, J.K. (ed.). 1975. The early economic writings of Alfred Marshall, 1867–1890. London: Macmillan.Google Scholar