one who dwells in the margins of society, often neglected and not well understood by the majority; sometimes speaks with prophetic insight to those from whom he or she is alienated; in anthropology, sub-cultures that survive outside of majority social norms (for example, forest dwellers)
"In contrast to the interpretations of Western commentators, the “margin-dweller” of Upanishadic criticism, Grinshpon argues that the metaphysical philosophy of the Upanishads cannot be reduced to “contents” and studied without consideration of the lives and experiences (or contexts) of Upanishadic characters if we want to understand the full import of early Indian religious literature."
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*noun*; in Keynesian economics, the rate at which aggregate consumption rises in response to a rise in national income.
For example, suppose the marginal propensity to consume (MPC) is 0.95. If the national income is 100 billion dollars, and it rises 10%, then consumption will rise by 9.5 billion, and saving will rise by 0.5 billion.
If this theory is correct, then an expanding economy will suffer insufficient demand for its own output, and a recession will be inevitable.
This is why national governments respond to recessions with deficit spending: they are trying to counteract the MPC's effect on aggregate demand, and bring it in line with potential output.
For example, suppose the marginal propensity to consume (MPC) is 0.95. If the national income is 100 billion dollars, and it rises 10%, then consumption will rise by 9.5 billion, and saving will rise by 0.5 billion.
If this theory is correct, then an expanding economy will suffer insufficient demand for its own output, and a recession will be inevitable.
This is why national governments respond to recessions with deficit spending: they are trying to counteract the MPC's effect on aggregate demand, and bring it in line with potential output.
Not only is the marginal propensity to consume weaker in a wealthy community, but, owing to its accumulation of capital being already larger, the opportunities for further investment are less attractive...
J.M. Keynes, *The General Theory of Employment, Interest, and Money* (1936), Ch.3
J.M. Keynes, *The General Theory of Employment, Interest, and Money* (1936), Ch.3
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Get the marginal propensity to consume mug.A girl who's usually short, but really cute, beautiful and hot all at the same time. There are probably 500 guys that like her and she doesn't know it. You wouldn't like to hurt a Marien because she'll go and beat you up even though she's small.
by StarxMoon April 12, 2009
Get the Marien mug.Marien is a beautiful girl she can usually be tall, she makes friends fast she is a amazing person she probably has 1 million boys liking her and she dose not know you would not like to mess with her family and friends and she dose not usually care if someone messes with her.
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Get the Marien mug.A beautiful short girl. She has great style, is hilarious, ,beautiful, caring, and is a great friend to have . But she he has a crazy side when only with true friend. So....if your know a Marienel go and be friend with her and get to know her better. You wont regret it!!!!!!!
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Get the Marienel mug.An extremely gay person, who thinks he is friends with everyone, but no-body actually likes him. Bad at all sport, especially soccer. A Jethro Margin is typically not good looking.
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