Philip H. Wicksteed

1844–1927

Nationality: English

Historical Period: The 20th Century and Beyond

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.

Quotes from Philip H. Wicksteed:

• Philip H. Wicksteed on how impersonal economic relations help others
• Philip H. Wicksteed on “non-tuism” in economic relations
• Philip H. Wicksteed on the positive vision of the “cash nexus”
• Philip H. Wicksteed on the subjective theory of value and on opportunity costs

Titles from Philip H. Wicksteed:

• Author: The Commonsense of Political Economy