Economics during the 19th century.

[phk]

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

[phk]

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?

I think for Marx it may have been Calculus.

[phk]

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.

[phk]

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.

[phk]

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.

I would recommend learning Calculus without any application first and than applying it to Econ. You will have less "holes" in your education that way.