marginal revolution in economics
E394987
The marginal revolution in economics was a late 19th-century shift that introduced marginal utility and subjective value as the foundation of modern microeconomic theory.
All labels observed (3)
| Label | Occurrences |
|---|---|
| marginal revolution | 2 |
| marginal revolution in economics canonical | 2 |
| marginalist revolution | 2 |
How this entity was disambiguated
This entity first appeared as the object of triple T3879479 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: marginal revolution in economics Context triple: [Carl Menger, partOf, marginal revolution in economics]
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A.
“New Methods of Measuring Marginal Utility”
“New Methods of Measuring Marginal Utility” is a pioneering work in econometrics by Ragnar Frisch that develops formal techniques for empirically estimating consumers’ marginal utilities.
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B.
History of Economic Analysis
History of Economic Analysis is a comprehensive, posthumously published survey of the development of economic thought, written by economist Joseph Schumpeter.
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C.
The Economic Point of View
The Economic Point of View is a foundational work in Austrian economics by Israel Kirzner that clarifies and defends the distinct methodological perspective of economic science.
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D.
The Scope and Method of Economic Science
The Scope and Method of Economic Science is a foundational work in economic methodology that examines the proper aims, limits, and scientific status of economics as a discipline.
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E.
The Cost-Benefit Revolution
The Cost-Benefit Revolution is a book by legal scholar Cass Sunstein that argues for the central role of cost-benefit analysis in modern regulation and public policy.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: marginal revolution in economics Target entity description: The marginal revolution in economics was a late 19th-century shift that introduced marginal utility and subjective value as the foundation of modern microeconomic theory.
-
A.
“New Methods of Measuring Marginal Utility”
“New Methods of Measuring Marginal Utility” is a pioneering work in econometrics by Ragnar Frisch that develops formal techniques for empirically estimating consumers’ marginal utilities.
-
B.
History of Economic Analysis
History of Economic Analysis is a comprehensive, posthumously published survey of the development of economic thought, written by economist Joseph Schumpeter.
-
C.
The Economic Point of View
The Economic Point of View is a foundational work in Austrian economics by Israel Kirzner that clarifies and defends the distinct methodological perspective of economic science.
-
D.
The Scope and Method of Economic Science
The Scope and Method of Economic Science is a foundational work in economic methodology that examines the proper aims, limits, and scientific status of economics as a discipline.
-
E.
The Cost-Benefit Revolution
The Cost-Benefit Revolution is a book by legal scholar Cass Sunstein that argues for the central role of cost-benefit analysis in modern regulation and public policy.
- F. None of above. chosen
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
intellectual movement
ⓘ
paradigm shift in economics ⓘ |
| alsoKnownAs |
marginalist revolution
ⓘ
linked to:
marginal revolution in economics
|
| associatedSchool |
Austrian School of economics
ⓘ
Lausanne School of economics ⓘ
linked to:
Lausanne school of economics
neoclassical economics ⓘ |
| characterizedBy |
focus on individual decision-making
ⓘ
formalization of utility ⓘ mathematical treatment of demand ⓘ use of marginal conditions for optimization ⓘ |
| coreConcept |
diminishing marginal utility
ⓘ
individual choice under scarcity ⓘ marginal productivity ⓘ subjective theory of value ⓘ value determined at the margin ⓘ |
| endDate | 1890 ⓘ |
| field | economics ⓘ |
| followedBy | neoclassical economics ⓘ |
| geographicOrigin |
Austria
ⓘ
Switzerland ⓘ United Kingdom ⓘ |
| historicalContext |
decline of classical political economy
ⓘ
industrialization in Europe ⓘ |
| historicalDebate | simultaneous discovery controversy ⓘ |
| impact |
established marginal analysis as standard tool in economics
ⓘ
redefined theory of value in economics ⓘ |
| influenced |
capital theory
ⓘ
general equilibrium theory ⓘ modern microeconomics ⓘ price theory ⓘ utility theory ⓘ welfare economics ⓘ |
| keyFigure |
Carl Menger
ⓘ
Eugen von Böhm-Bawerk ⓘ Francis Ysidro Edgeworth ⓘ Friedrich von Wieser ⓘ Léon Walras ⓘ
linked to:
Leon Walras
Vilfredo Pareto ⓘ William Stanley Jevons ⓘ |
| mainFocus |
marginal analysis
ⓘ
marginal utility ⓘ subjective value theory ⓘ |
| precededBy | classical economics ⓘ |
| publication |
Carl Menger, Principles of Economics
ⓘ
linked to:
Carl Menger
Léon Walras, Elements of Pure Economics ⓘ
linked to:
Leon Walras
William Stanley Jevons, The Theory of Political Economy ⓘ
linked to:
William Stanley Jevons
|
| rejectedConcept | labor theory of value ⓘ |
| startDate | 1870 ⓘ |
| timePeriod | late 19th century ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: marginal revolution in economics Description of subject: The marginal revolution in economics was a late 19th-century shift that introduced marginal utility and subjective value as the foundation of modern microeconomic theory.
Referenced by (6)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: marginal revolution in economics
linked to: marginal revolution in economics
linked to: marginal revolution in economics
linked to: marginal revolution in economics