The leading three scholars are W. Stanly Jevons, Le'on Warlars and Carl Mengar who initiated the marginal theory in economics, and in the early 1870, brought logical analyzing methods-marginal utility theory, today-into economics respectively.
Their ...
The leading three scholars are W. Stanly Jevons, Le'on Warlars and Carl Mengar who initiated the marginal theory in economics, and in the early 1870, brought logical analyzing methods-marginal utility theory, today-into economics respectively.
Their methodologies are directly based on confutation about lack of consistency in classic school's analyses and labor value theory. They also argued on mathematic analysis, causing new change of character for tendency of economics as a result.
In this paper I took a look at mainly marginal theory consisted of Jevons' theory of political economy who is one of the leading prominant scholars. Namely I dealt with deployment of utility theory and theory of exchange by Jevons and his mathematic methodological standing as well as, putting in a nutshell, how these theories affect the charater of tendency of economics.