He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem. Marginal cost is the cost incurred when producing one additional unit.

Marginal benefit and marginal cost are two measures of how the cost or value of a product changes. Marginal benefit impacts the customer, while marginal cost impacts the producer. Companies need ...

In his new book, The Zero Marginal Cost Society, Rifkin argues that we are about to enter an era when the Internet of Things, “free” energy, and what he calls “the collaborative commons” will make ...