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Chapter 64: Economic Ideas (The Neoclassics) artwork
Society & Culture

Chapter 64: Economic Ideas (The Neoclassics)

The Industrial Revolutions by Dave Broker

Jul 3, 202358:22Society & Culture

Beginning in the 1870s, the Neoclassical School of Economics emerged. Borrowing the idea of marginal analysis from calculus, and applying it to the ethical theory of Utilitarianism, they revolutionized the way economics...