"Marginalists" Pronounce,Meaning And Examples
"Marginalists" Natural Recordings by Native Speakers
"Marginalists" Meaning
Marginalists:
The marginalists are a group of economists who emerged in the late 19th century and are known for their emphasis on marginal analysis. They argue that economic decisions should be based on the marginal costs and benefits of a particular action, rather than the total costs and benefits.
Marginalists believe that economic agents make decisions by comparing the additional cost or benefit of a particular action to its additional benefit or cost. They argue that this marginal analysis is more relevant and useful than considering the total cost and benefit of an action.
The marginalists include prominent economists such as Carl Menger, Eugen von Philippovich, and Leon Walras. They played a significant role in the development of modern microeconomics and the concept of supply and demand.
"Marginalists" Examples
Marginalists Examples
1. Economic Context
Economists like Carl Menger and Eugen von Böhm-Bawerk were marginalists, focusing on the effects of small changes in prices and quantities on consumer and producer behavior.2. Academic Research
The marginalists' emphasis on opportunity costs has had a significant impact on the development of modern microeconomics, influencing the work of researchers like Alfred Marshall and Leon Walras.3. Business Strategy
In the world of business, marginalists argue that firms should allocate resources to activities with the highest marginal returns, maximizing profits and efficiency.4. Philosophy
The marginalists' philosophical approach to value and utility has been influential in the development of both economics and philosophy, providing a framework for understanding human decision-making.5. Policy-making
Policymakers often face marginal decisions, balancing the costs and benefits of small changes in taxation, regulation, or public spending to optimize social welfare and economic growth."Marginalists" Similar Words
Marginalia
Marginalisation
Marginalise
To marginalise someone or something means to ignore, dismissed, or exclude them from consideration, often in a deliberate or intentional manner. Marginalising can also imply a lack of power or influence, making someone or something insignificant or peripheral. In a broader sense, it can refer to the process of making a group or community less relevant or influential in society.
Marginalised
Marginalises
To marginalise means to make someone or something less important or influential, often by denying them access to power, resources, or opportunities. It can also refer to the act of treating someone or something as secondary or irrelevant, often as a result of social, economic, or political factors.
Marginalising
Marginalism
Marginalist
Marginalist refers to someone who belongs to the marginalist school of thought in economics. A marginalist is an economist who emphasizes the importance of marginal changes in the analysis of economic decisions and allocative efficiency. They focus on the behavior of economic agents in response to changes in prices or other marginal factors that affect their decisions.
Marginality
Marginalization
Marginalize
To marginalize someone or something means to make them unimportant or ignored, often intentionally or systematically. It can also refer to the act of relegating someone or something to the fringes of society, politics, or culture, often as a result of discrimination, prejudice, or harassment.
Marginalized
The word "marginalized" refers to the act of making someone or something seem less important or less effective by ignoring or excluding them from social, economic, or political activities. It can also imply the loss of opportunities, rights, or influence, often due to systemic barriers, discrimination, or prejudice.
Marginalizes
Marginalizing
Marginally
Marginally means slightly or to a limited extent. It is used to describe something that is almost, but not quite, good or satisfactory.
Marginals
Marginals refer to the notes and comments that are scribbled along the margins of a book, document, or other written work. These marginal notes, often in a smaller and less formal font, provide supplementary information, annotations, or insights added by the reader or author. Marginals can be used to clarify points, highlight important ideas, record questions, or reflect on the content. Over time, marginals can become a valuable resource for understanding the original text, providing context, and facilitating further study or discussion.