Economics Atlas

How Wealth Is Ordered
Sign In
Text size
100%
Theme
Browse By

All Marginalist, Neoclassical and Welfare Economists

Economists who built the marginal revolution and the neoclassical theory of price, competition and welfare, including Marshall, Walras, Jevons, Pareto and Pigou, and their critics and heirs. An economist belongs here when the cited article places the person in marginalist, neoclassical or welfare economics, or in the theory of the firm and competition. The group brings together the entries filed under the heading Marginalist, Neoclassical and Welfare Economists, so a reader can compare them and move from one to another within the same part of the economic field.

All Marginalist, Neoclassical and Welfare Economists
Filter Results9 entries
Sources
Alfred Marshall (Wikipedia)
Has Member: Alfred Marshall, Lead
Quote, Has Member: Alfred Marshall, Lead
His book Principles of Economics (1890) was the dominant economic textbook in England for many years, and brought the ideas of supply and demand, marginal utility, and costs of production into a coherent whole, popularizing the modern neoclassical approach which dominates microeconomics to this day.
View the Source
Vilfredo Pareto (Wikipedia)
Has Member: Vilfredo Pareto, Lead
Quote, Has Member: Vilfredo Pareto, Lead
Trained in physics and mathematics, he became a polymath whose genius radiated into nearly all other major fields of knowledge." He introduced the concept of Pareto efficiency and helped develop the field of microeconomics.
View the Source
Léon Walras (Wikipedia)
Wikimedia FoundationHas Member: Léon Walras, Lead
Quote, Has Member: Léon Walras, Lead
He formulated the marginal theory of value (independently of William Stanley Jevons and Carl Menger) and pioneered the development of general equilibrium theory.
View the Source
William Stanley Jevons (Wikipedia)
Wikimedia FoundationHas Member: William Stanley Jevons, Lead
Quote, Has Member: William Stanley Jevons, Lead
In so doing, it expounded upon the "final" (marginal) utility theory of value.
View the Source
Arthur Cecil Pigou (Wikipedia)
Wikimedia FoundationHas Member: Arthur Cecil Pigou, Lead
Quote, Has Member: Arthur Cecil Pigou, Lead
His work covered various fields of economics, particularly welfare economics, but also included business cycle theory, unemployment, public finance, index numbers, and measurement of national output.
View the Source
Kenneth Arrow (Wikipedia)
Wikimedia FoundationHas Member: Kenneth Arrow, Lead
Quote, Has Member: Kenneth Arrow, Lead
His contributions to social choice theory, notably his "impossibility theorem", and his work on general equilibrium analysis are significant.
View the Source
Frank Knight (Wikipedia)
Has Member: Frank Knight, Body
Quote, Has Member: Frank Knight, Body
Knight argued that uncertainty gave rise to economic profits that perfect competition could not eliminate.
View the Source
History of Economic Thought Website: Paul Samuelson profile
History of Economic Thought WebsiteHas Member: Paul Samuelson, Profile page
Quote, Has Member: Paul Samuelson, Profile page
Samuelson's most famous piece of work, Foundations of Economic Analysis (1947), one of the grand tomes that helped revive Neoclassical economics and launched the era of the mathematization of economics.
View the Source
History of Economic Thought Website: Robert Giffen profile
History of Economic Thought WebsiteHas Member: Robert Giffen, Profile page
Quote, Has Member: Robert Giffen, Profile page
Giffen is credited by Marshall for suggesting the possibility that, in the case of some inferior goods, the income effects are so strong that the law of demand may be violated.
View the Source
Comments (0)
No comments yet. Be the first to share a thought.
Reader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.