*The Marginal Revolution: Rise and Decline, and the Pending AI Revolution*


I am offering a new piece of work — I do not quite call it a book — online and free.  It has four chapters, is about 40,000 words, is fully written by me (not a word from the AIs), and it is attached to an AI with a dual page display, in this case Claude.  Think of it as a non-fiction novella of sorts, you can access it here.  You can read it on the screen, turn it into a pdf (and upload into your own AI), send it to your Kindle, or discuss it with Claude.

Here is the Table of Contents:

1. What Is Marginalism?

2. William Stanley Jevons, Builder and Destroyer of Marginalism

3. Why Did It Take So Long for the Science of Economics to Develop?

4. Why Marginalism Will Dwindle, and What Will Replace It?

Here are the first few paragraphs of the work:

How is it that ideas, and human capabilities, become lost? And how is that new insights come to pass? If eventually the insight seems obvious, why didn’t we see it before? Or maybe we did see it before, but didn’t really know we were on to something important? Why do new insights arrive suddenly, in a kind of flood? How do new worldviews replace older ones?

And what does all of that have to do with the future of science, the future of research, and the future of economics in particular? Especially when we try to understand how the ongoing artificial intelligence revolution is going to reshape human knowledge, and the all-important question of what economists should do.

Those are the motivating questions behind this work, but I will address them in what is initially an indirect fashion. I will start by considering a case study, namely the most important revolution in economics, the Marginal Revolution (to be defined shortly). The Marginal Revolution made modern economics possible. What was the Marginal Revolution? How did it start? Why did it take so very long to come to fruition? From those investigations we will get a sense of how economic ideas, and sometimes ideas more generally, develop. And that in turn will help us see where the science, art, and practice of economics is headed today.

Recommended!  I will be covering it more soon.



Source link

  • Related Posts

    Gold Demand Just Broke a Record. Supply Can’t Keep Up

    Issued on behalf of Golden Goose Resources Corp. Read More Source link

    Cogility Named in Everest Group Innovation Watch for AI-Powered Decision Intelligence

    Cogility’s Decision Intelligence Platform, Cogynt.ai, transforms massive, diverse data streams into predictive, explainable, and auditable insights — empowering organizations to shift from reactive to proactive in high-consequence environments. Cogynt.ai delivers…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Auction clearance rate slumps to 57% nationwide as interest rate hikes prompt Australians to sell | Housing

    Auction clearance rate slumps to 57% nationwide as interest rate hikes prompt Australians to sell | Housing

    Gold Demand Just Broke a Record. Supply Can’t Keep Up

    Pepys ‘curated’ letters to conceal being offered enslaved boy as bribe – research | UK news

    Pepys ‘curated’ letters to conceal being offered enslaved boy as bribe – research | UK news

    The Best Trench Coats Spring 2026

    The Best Trench Coats Spring 2026

    Italy v Northern Ireland: Will there be a historic upset in 2026 World Cup play-off?

    Italy v Northern Ireland: Will there be a historic upset in 2026 World Cup play-off?

    Old Man Winter wallops B.C.'s Mainland/Southwest region, major highway closed

    Old Man Winter wallops B.C.'s Mainland/Southwest region, major highway closed