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This volume is devoted to a reappraisal of the Marginal Revolution on the occasion of its 150th anniversary. The year 1871 should be remembered as one of the most important turning points in the history of economics.
The editor is currently Professor Emeritus at Keio University.
Preface.- Chapter 1. Prelude.- 2. Toward the Marginal Revolution.- 3. Carl Menger’s Alternative to the Classical Theory of Value and Distribution, and Marginalism.- 4. Viewing William Stanley Jevons as a Thinker on Social Is-sues in the Late Victorian Period in Britain.- 5. Another Look at the Lasting Utilitarian Imprint in Economic Theory.- 6. A Historical Perspective on the Theories Related to the Competitive Equilibrium Allocation.- 7. Behavioral Heterogeneity.- 8. Linear Exchange Economies.- Index.