Philip H. Wicksteed

1844 - 1927

About the Author

Philip H. Wicksteed (1844-1927), English philosopher, theologian, and economist, made important advances in economic method and in the theory of marginal productivity. He also emphasized the subjectivism of costs. His use of mathematics and graphical analysis, coupled with a lively writing style, made these tools more accessible to students. He influenced many 20th century economists, particularly those working in the Austrian tradition.

In The Library:

• author: The Commonsense of Political Economy, including a Study of the Human Basis of Economic Law (1910)

Quotations:

• Wicksteed on the subjective theory of value and on opportunity costs (1910) (12 August, 2010)