Why does Jaffé believe that the trio of Menger, Jevons,
and Walras need to be de-homogenized?
What principle supposedly unified the trio?
What is the principal distinguishing characteristic of Menger? Of Jevons?
Of Walras?
What role did "tooled knowledge" play in "homogenizing"
the trio?
According to Joseph Schumpeter, one of the greatest historians of economic
thought of all time, what separated Walras in importance from the other two?
What role did marginal utility play in Walras's system? Was it the foundation
of his enterprise, or was it merely a technical apparatus necessary to his
model?
In Walras's theory, was was rarete? How did it differ from the
general concept of marginal utility?
On p. 515, Jaffé says that "the conceptual machine [Walras]
had already designed for the determination of equilibrium prices needed a
motor to run it." What does this mean? How did the theory of marginal
utility provide the necessary motor?
After all is said and done, how important was the theory of subjective utility,
in and of itself, to Walras?
What did Jevons mean by "final degree of utility"?
What two important points of Walras's system did Jevons anticipate?
How did Jevons's formal conception of the market compare with that of Walras?
Did Jevons solve for equilibrium price in his model?
How did Menger's approach to utility differ from that of Jevons or Walras?
Did Menger solve for equilibrium price and quantity in his model?
What was Menger's purpose in proceeding as he did? What was he trying to
accomplish, and how did it differ from what Jevons and Walras were up to?
Which of the three economists paid most attention to the problem of obtaining
and utilizing knowledge in economic exchanges?
Which of the three eschewed the use of mathematics because he believed it
was not appropriate to the topic of economics?
What is the difference between Menger's "generative causality"
and Walras's "logical causality"?
Which of the three do modern microeconomic theorists believe to be most
important?