21 May DISCUSS HOW THIS AFFECTED HIS CONTRIBUTION TO ECONOMICS ON THIS PARTICULAR ISSUE.
Compare and contrast Francis Edgeworth’s contributions to John Bates Clark’s contributions. Who do you feel made more significant contributions to modern economic theory? Provide at least two (2) reasons to support your answer.
•Consider the following: “One of Edgeworth’s contributions to modern economics was his popularization of the use of mathematics within the discipline. Critics of this approach countered that a “zigzag path” that leads to new knowledge about economic phenomena or economic problems is clearly preferable to a “precise path” that leads only to endless refinement of what is already known. What is your position on this debate? Provide at least two (2) reasons to support your answer.
•Consider the following: Clark was considered to have “thought out the concept of marginal utility and its influence on exchange value” without having read Jevons, even though Jevon’s had already published. Discuss how this affected his contribution to economics on this particular issue.
o Compare and contrast Francis Edgeworth’s contributions to John Bates Clark’s contributions. Who do you feel made more significant contributions to modern economic theory? Provide at least two (2) reasons to support your answer.
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