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marginalism

marginalism

Danh từ

In economic discourse, this term refers to a specific theoretical framework centered on the concept of marginal utility. It is a technical term used primarily in academic and professional settings to describe the shift away from classical labor theories of value. It carries a neutral, descriptive tone within the field of economics.

In sociological or philosophical contexts, the term describes a perspective that prioritizes the periphery over the center. This usage often carries a critical or analytical connotation, focusing on marginalized groups or overlooked elements of a system to reveal hidden power dynamics or cultural shifts.

Ý nghĩa

Danh từmarginalism

The economic theory that the value of a good is determined by the utility of the last unit consumed, rather than by the total utility or the cost of production.

The revolution in economic thought known as marginalism shifted the focus from labor costs to consumer utility.

Danh từmarginalism

The practice or philosophy of focusing on the edges, fringes, or minor elements of a system, society, or academic field rather than the center.

Her sociological study of marginalism examines how those on the periphery of urban society influence cultural trends.

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