58
POLITICAL ECONOMY
equally a one-sided aspect, enable the social
scientist to lay bare the ramified system of
law inherent in the economical functioning
of communities.
At this point, despite the chance of con
fusion, a new idea must be attached to the
results of our analysis of demand by the
marginal method. The term “ marginal ” is
constantly employed with a meaning different
from, though related to, that ascribed to it
above. It is applied not merely to the
final increment of a class of things but also
to any particular thing in the class which is
only just good enough to be used. When the
second meaning is intended, it would save
misapprehension if the expression “ marginal
quality ” were used. Let me illustrate the
distinction. If I pick twenty roses the
twentieth is the marginal rose, and the addi
tion made by the twentieth to the satisfaction
derived by me from the roses is called the
marginal utility of twenty roses to me at the
time. Now the twenty roses are not equally
perfect. The least perfect of the twenty, the
one on the margin of being rejected, is also
loosely designated the marginal rose, or, as we
had better say, the rose of marginal quality.
Similarly, of one hundred workmen employed
on a job, any individual who is only just