4 ms·
Marginalism just means that the specific, concrete good or thing as the object of choice is the object of people's action and therefore valuation. Marginalism d
by sophrosyne42 11mo ago
Marginalism just means that the specific, concrete good or thing as the object of choice is the object of people's action and therefore valuation. Marginalism does not require having a market price, but quantitative calculations of accounting magnitudes, like profits, losses, cost, revenue, do require market prices.