Economics during the 19th century.

[Free Trade is managed by the invisible hand.]

The subject wasn't professionalized until the very early 20th century, and General Theory was not published until 1936. Thus I often wonder how much of influence did Marx, Smith, Ricardo, Malthus, and Mill have upon economists in the 20th century. I often think that such concepts of utility has been almost too influential,but whatever.

[Free Trade is managed by the invisible hand.]

Modern Econ has its roots in "the marginal revolution" and the marriage of Stats and Econ leading to "Econometrics".

Yes, but whenever I read Malthus or marx i find that these two individuals often tried to use math to explain their theory. What type of math were they using?

[Free Trade is managed by the invisible hand.]

Modern Econ has its roots in "the marginal revolution" and the marriage of Stats and Econ leading to "Econometrics".

Yes, but whenever I read Malthus or marx i find that these two individuals often tried to use math to explain their theory. What type of math were they using?

did he do anything with derivatives?


I think for Marx it may have been Calculus.

[Free Trade is managed by the invisible hand.]

Modern Econ has its roots in "the marginal revolution" and the marriage of Stats and Econ leading to "Econometrics".

Yes, but whenever I read Malthus or marx i find that these two individuals often tried to use math to explain their theory. What type of math were they using?

did he do anything with derivatives?


I think for Marx it may have been Calculus.

Actually I think for Marx and Malthus may have employed Calculus.

For Malthus it may have been to compare proportional growth rates of food and population. d'(t)/d(t) of two different variables with one another. You can simulate a lot of this in the Robinson Crusoe economy.

For Marx... not sure. He did write a book called the "Mathematical Manuscripts of Marx" and it was just AP Calc or Freshman Calc level.

I know that LTV is often expressed in numerical terms.

[Free Trade is managed by the invisible hand.]

Modern Econ has its roots in "the marginal revolution" and the marriage of Stats and Econ leading to "Econometrics".

Yes, but whenever I read Malthus or marx i find that these two individuals often tried to use math to explain their theory. What type of math were they using?

did he do anything with derivatives?


I think for Marx it may have been Calculus.

Actually I think for Marx and Malthus may have employed Calculus.

For Malthus it may have been to compare proportional growth rates of food and population. d'(t)/d(t) of two different variables with one another. You can simulate a lot of this in the Robinson Crusoe economy.

For Marx... not sure. He did write a book called the "Mathematical Manuscripts of Marx" and it was just AP Calc or Freshman Calc level.

I know that LTV is often expressed in numerical terms.

Most modern Economists don't really care much for the classical LTV but it was one of the things that led Economics to the Marginal Revolution.

Not related... but I incorrectly said Robinson Crusoe economy in a previous post. It should have been the Blue Lagoon Economy.

I really do not care for it either, but i could probably learn some calc by reading up on it.