Chapter 64: Economic Ideas (The Neoclassics)

Beginning in the 1870s, the Neoclassical School of Economics emerged. Borrowing the idea of marginal analysis from calculus, and applying it to the ethical theory of Utilitarianism, they revolutionized the way economics was discussed. Today, we discuss the various “Marginalists” of this school, and the impact they had on the history of economic thought.

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The story of how a primate species created a world full of skyscrapers, airplanes, nuclear weapons, and vaccines. From the mass production of cotton weaving in the first industrial revolution of the 18th Century, to the digital revolution of today, this podcast will explore the ways our world has rapidly changed.