EPISODE · Mar 26, 2026 · 5 MIN

1: What Is Marginalism?

from On Tyler Cowen's The Marginal Revolution: Rise and Decline, and the Pending AI Revolution

In this opening episode, economist Tyler Cowen introduces the Marginal Revolution—the most important transformation in economic thought that made modern economics possible. What does it mean to think "at the margin"? Why do groundbreaking ideas sometimes disappear for generations before being rediscovered? And what can the history of marginalism teach us about how human knowledge develops? This episode sets the stage for a journey through economic history that ultimately points toward our AI-driven future.Key topics: Marginal thinking, the evolution of economic ideas, why insights get lost and rediscovered

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1: What Is Marginalism?

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This episode is 5 minutes long.

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This episode was published on March 26, 2026.

What is this episode about?

In this opening episode, economist Tyler Cowen introduces the Marginal Revolution—the most important transformation in economic thought that made modern economics possible. What does it mean to think "at the margin"? Why do groundbreaking ideas...

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