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The classical school of economics believed in a concept called the labor theory of value which emphasized the idea that the amount of time it took to produce a good determined the value of that good. This concept's rival, marginal utility on the other hand, focused on the value that the consumer received from the good when determining its value ...
In his 2004 paper, Puppies, Pigs, and People: Eating Meat and Marginal Cases, Norcross invoked a thought experiment termed "Fred’s Basement" which argued that consuming factory farmed meat is morally equivalent to torturing and killing puppies because both knowingly cause unnecessary harm to sentient creatures just for trivial pleasures. [2]
The argument from marginal cases (also known as the argument from species overlap) [1] is a philosophical argument within animal rights theory regarding the moral status of non-human animals.
The intellectual roots of supply-side economics have also been traced back to various early economic thinkers such as Ibn Khaldun, Jonathan Swift, David Hume, Adam Smith and Alexander Hamilton. [6] Typical policy recommendations of supply-side economics are lower marginal tax rates and less regulation. [7]
Within economics, margin is a concept used to describe the current level of consumption or production of a good or service. [1] Margin also encompasses various concepts within economics, denoted as marginal concepts, which are used to explain the specific change in the quantity of goods and services produced and consumed.
marginal product of capital; marginal rate of transformation, the rate at which one output or result must be sacrificed in order to increase another output or result; marginal revenue product; marginal propensity to save and consume; marginal tax rate; marginal efficiency of capital; Marginalism is the use of marginal concepts to explain ...
Menger contributed to the development of the theories of marginalism and marginal utility, [6] which rejected cost-of-production theory of value, such as developed by the classical economists such as Adam Smith and David Ricardo. [7] As a departure from such, he would go on to call his resultant perspective, the subjective theory of value. [8]
The marginal, the processes of marginalisation, etc. bring specific interest in postmodern and post-colonial philosophy and social studies. [44] Postmodernism question the "center" about its authenticity and postmodern sociology and cultural studies research marginal cultures, behaviours, societies, the situation of the marginalized individual ...