!!!Grenznutzentheorie

Marginal Utility Theory, a theory of liberalism according to which 
goods and services have to be valued higher than the cost of producing 
or providing them. The theory was developed independently, but at the 
same time (around 1890), by the English economist W. S. Jewons, 
by L. Walras from Switzerland, and by the Viennese Karl  Menger. It 
had considerable impact of economic policy and was developed further 
by the Austrian School of Economics.


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