The history of the Oxford challenge to marginalism, 1934-1952
Economist Hubert Henderson founded Oxford University's Economics Research Group (OERG). The OERG had a history of contesting neoclassical cost and pricing theory as articulated by P.W.S. Andrews, beginning when Hubert Henderson started relying on experiments instead of established data. Henders...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2013-10-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10518 |
| _version_ | 1811172477102981120 |
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| author | F.S. LEE |
| author_facet | F.S. LEE |
| author_sort | F.S. LEE |
| collection | DOAJ |
| description | Economist Hubert Henderson founded Oxford University's Economics Research Group (OERG). The OERG had a history of contesting neoclassical cost and pricing theory as articulated by P.W.S. Andrews, beginning when Hubert Henderson started relying on experiments instead of established data. Henderson and the OERG members were surprised that businessmen disregarded the marginalist model of pricing. Marginalism remains a valid economic theory to this day.
JEL: B20
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| first_indexed | 2024-04-10T17:31:52Z |
| format | Article |
| id | doaj.art-ddb1cd77b352463dbe92a68f2213dc06 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:31:52Z |
| publishDate | 2013-10-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-ddb1cd77b352463dbe92a68f2213dc062023-02-03T16:45:51ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432013-10-014417910.13133/2037-3643/10518The history of the Oxford challenge to marginalism, 1934-1952F.S. LEEEconomist Hubert Henderson founded Oxford University's Economics Research Group (OERG). The OERG had a history of contesting neoclassical cost and pricing theory as articulated by P.W.S. Andrews, beginning when Hubert Henderson started relying on experiments instead of established data. Henderson and the OERG members were surprised that businessmen disregarded the marginalist model of pricing. Marginalism remains a valid economic theory to this day. JEL: B20 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10518ResearchMicroeconomicsNeoclassical economicsHendersonHubert |
| spellingShingle | F.S. LEE The history of the Oxford challenge to marginalism, 1934-1952 PSL Quarterly Review Research Microeconomics Neoclassical economics Henderson Hubert |
| title | The history of the Oxford challenge to marginalism, 1934-1952 |
| title_full | The history of the Oxford challenge to marginalism, 1934-1952 |
| title_fullStr | The history of the Oxford challenge to marginalism, 1934-1952 |
| title_full_unstemmed | The history of the Oxford challenge to marginalism, 1934-1952 |
| title_short | The history of the Oxford challenge to marginalism, 1934-1952 |
| title_sort | history of the oxford challenge to marginalism 1934 1952 |
| topic | Research Microeconomics Neoclassical economics Henderson Hubert |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10518 |
| work_keys_str_mv | AT fslee thehistoryoftheoxfordchallengetomarginalism19341952 AT fslee historyoftheoxfordchallengetomarginalism19341952 |