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The Common Sense of Political Economy, Volume 1

  • The Common Sense of Political Economy: Volume 1 by Philip Wicksteed

Tags Calculation and KnowledgePolitical TheoryValue and Exchange

01/01/1933Philip H. Wicksteed

This book is intended primarily as a popular but systematic exposition of the "marginal" theory of Economics.

Author:

Philip H. Wicksteed

Philip Wicksteed, English philosopher, theologian, and economist, made important advances in economic method and in the theory of marginal productivity. He also emphasized the subjectivism of costs. His use of mathematics and graphical analysis, coupled with a lively writing style, made these tools more accessible to students. He influenced many 20th century economists, particularly those working in the Austrian tradition.

References

Routledge, 1933

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