An Essentially Different Scheme of Distribution from that Proposed by Clark.” A Note on Charles William Macfarlane’s Neglected Marginalism

Charles William Macfarlane (1852-1931) represents an almost unique and completely forgotten economist during the Progressive Era: although he was outside Academia, he was able to take an active part in the theoretical debate of the time by proposing a peculiar version of marginalism far away from th...

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Detalles Bibliográficos
Autores: Becchio, Giandomenica, Fiorito, Luca
Tipo de recurso: artículo
Fecha de publicación:2024
País:España
Institución:Universidad Complutense de Madrid (UCM)
Repositorio:Docta Complutense
Idioma:inglés
OAI Identifier:oai:docta.ucm.es:20.500.14352/104833
Acceso en línea:https://hdl.handle.net/20.500.14352/104833
Access Level:acceso abierto
Palabra clave:B16
Marginalism
Classical school
American economic thought
Progressive Era
Marginalismo
Escuela clásica
Pensamiento económico estadounidense,
Era progresista.
Historia económica
5308.03 Historia Ebb del Pensamiento Económico
Descripción
Sumario:Charles William Macfarlane (1852-1931) represents an almost unique and completely forgotten economist during the Progressive Era: although he was outside Academia, he was able to take an active part in the theoretical debate of the time by proposing a peculiar version of marginalism far away from the Austrian school version and close the classical approach. This paper deals with Macfarlane’s theory of value and distribution, by discussing its influence in the discipline, and it presents an archival appendix which reproduces an unpublished response by Clark to Macfarlane to provide further evidence on the reception of Macfarlane’s work among his contemporaries