Reviewed by Thomas J. CatalanoFact checked by Michael RosenstonReviewed by Thomas J. CatalanoFact checked by Michael ...

What Is the Relationship Between the Law of Diminishing Marginal Utility & Consumer Surplus?. You don't need to have studied economics to be familiar with the law of diminishing marginal utility ...

Marginal utility is an economic theory borne out of a need to explain the "paradox of value." Economists used the theory of marginal utility to explain why diamonds were so expensive and bread wasn't.

An economics professor offers a counterargument to the marginal-utility case for progressive taxation.

Economica is an international journal devoted to research in all branches of economics. Theoretical and empirical articles are published from all parts of the international research community.

It declares that “value depends entirely on utility,” and that the kind of utility, which is all-important in determining value, is “marginal utility.” ...

The Quarterly Journal of Economics (QJE) is the oldest professional journal of economics in the English language. Edited at Harvard University's Department of Economics, it covers all aspects of the ...