Mill and Cairnes and the Emergence of Marginalism in England
Abstract
It is well known that marginalist concepts appeared in economic literature before
1871. As far as England is concerned, the notion of diminishing marginal utility,
for example, was spelt out in the 1830’s and again in the 1850’s. And Jevons hit upon
and outlined his special view of political economy a full decade before the Theory
of Political Economy was published.
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