"Second Generation Marginalists We use this term because they added to the ""first generation"" by considering supply as well as demand factors in value"
{"Image DocumentName": "Second Generation Marginalists", "Image ImageDescription": "We use this term because they added to the first generation by considering supply as well as demand factors in value theory (price determination) Applied marginal analysis to the supply side \u2013 marginal productivity analysis. Explains the forces determining the prices of factors of production and the distribution of income.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}