neoclassical theory of value

GPTKB entity

Statements (21)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:appliesTo goods
services
gptkbp:associatedWith gptkb:William_Stanley_Jevons
gptkb:Carl_Menger
gptkb:Léon_Walras
gptkbp:basisFor neoclassical economics
gptkbp:contrastsWith classical theory of value
gptkbp:emergedIn late 19th century
gptkbp:emphasizes individual preferences
subjective value
gptkbp:explains resource allocation
price formation
gptkbp:focusesOn marginal utility
https://www.w3.org/2000/01/rdf-schema#label neoclassical theory of value
gptkbp:influenced microeconomics
gptkbp:influencedBy marginal revolution
gptkbp:replacedBy labor theory of value
gptkbp:uses mathematical models
gptkbp:bfsParent gptkb:Sraffian_school
gptkbp:bfsLayer 8