The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Marginal Revolution

  • Roger E. Backhouse
Reference work entry


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.


Clark, 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. 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Roger E. Backhouse
    • 1
  1. 1.