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Assignment
Reading guide for the Marginalists p. 250-261 p. 264-273• Take note on Jevono Utility theory from Benthamo In contrast to our labor theory of value?o Total utility VS final degree of utilityo Marginal?o Explain relative price equationo Is everyone of us has the same preferences?o Jevon's capital theory against Ricardo's• Take note on Mengero Explain Menger's tableo What are the differences between Menger's table and Jevon's equation?- Neglect price- Supply and demando Explain supply and demand concept that is different than Smith, Ricardo, and Marxo Capital- Good of higher order?o Take note on Walras- Supply and demand?- Why do the marginalists need general equilibrium?- How many sides there are in Walras' system?- Explain- Why does the system need stability?- A crier?
Textbook:- History of Economic Thought A CRITICAL PERSPECTIVE THIRD EDITION by E.K. Hunt and Mark Lautzenheiser
Please write this note in your own words, please no citation. I will not accept it with any references. Just find information from the book I have uploaded, and transfer what you get to your own words. Thank you so much. There is no words limit, so I am not sure how many words it should be. If you can control it more than two pages, that will be good. By the way, this is not an essay, it is just a reading note assignment. so you don’t need to worry about the formatting or something, all I need is showing the teacher that you read the book and get the information from book. Thanks.
MSG: If you can find the same expert who did previous, that will be great. This assignment is belong to a economic history course, there is no history Econ subject make sure expert can handle it before take it. Please read the guide carefully and remember no citation please, thank you. Word: 2-3 pages maybe. no word limits.
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