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A Note on Giffen Goods Peter G. Klein Revised 5 November 2009 Both the Austrian causal-realist and neoclassical approaches to demand begin with an ordinal preference ranking. But the understandings of marginal and total
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Document Date: 2009-11-05 13:17:51
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marginal utilities /
conditional law /
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causal-realist economist handle Marshall /
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Marginal rate of substitution
Consumer choice
Marginal utility
Income–consumption curve
Substitute good
Giffen good
Demand
Utility
Law of demand
Consumer theory