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The Jevonian Revolution in International Trade Theory
Published online by Cambridge University Press: 11 June 2009
Extract
There was no Jevonian revolution in international trade theory. The new ideas of marginal analysis entering British economics in the late nineteenth century seem to have left the field untouched. According to Schumpeter (1954, p. 609), Marshall “did not do more than polish and develop Mill's meaning … Edgeworth's famous restatement added many interesting details but also did not go beyond Mill in fundamentals.”
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- Copyright © The History of Economics Society 2000
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