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What did Jevons’ work coincide with in the history of economic thought?

  • Industrial Revolution

  • Marginal Revolution

  • Mercantilism

  • The Great Depression

Answer

Marginal Revolution, the answer, refers to a significant shift in economic thinking during the late 19th century. It marked a transition from the classical school's emphasis on production costs to a focus on individual preferences and the utility derived from consumption. This intellectual movement revolutionized economic analysis and laid the foundation for modern microeconomics and welfare economics.
Unlocking the Genius of William Stanley Jevons: A Voyage Through Economic Thought and Logical Mastery

Unlocking the Genius of William Stanley Jevons: A Voyage Through Economic Thought and Logical Mastery

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