Search Results for hedonic

...Thomas A. Stapleford Prior to the 1960s most American economists rejected hedonic techniques as a solution to the problem of quality change in price indexes. I argue that behind that judgment lay a deeper conceptual divide over how best to define and assess product quality: through expert testing...

... University Press The roots of hedonism: an ancient analysis of quantity and time S. Todd Lowry, Washington and Lee University By excluding from the history of political economy everything con- cerned with the ancients, modern economists have voluntarily de- prived themselves...

.... Moreover, his death preceded the application of its central mechanism to public, urban, and environmental topics via hedonic, sorting, and computational general equilibrium models. Viewed in this way, the history of Tiebout's article, and thereby the history of public economics, has remarkably little to do...

.... duty.7 Formally, the conflict is between two elements of utilitarian thought, universal ethical hedonism vs. egoistic psychological hedonism .8 The latter principle stresses private utility as the object of action; the former, collective utility (the greatest happiness...

... -37. Cavin, J. P. 1945 . Aspects of Wartime Consumption. American Economic Review, Papers and Proceedings 35 : 15 -36. Court, Andrew T. 1939 . Hedonic Price Indexes. In The Dynamics of Automobile Demand . New York: General Motors Corporation. Diewert, W. Erwin. 1993 . The Early History...

... Weber’s theory of bureaucracy, the adminis- trative order (of families, tribes, and city-states or empires) as a source of ration- ality, particularly through focusing on Protagoras’s hedonism and Xenophon’s affirmation of rational and efficient administration and the importance of leader...

..., and yet claim their ideal to be a positive, value-free science. Values and Economic Theory thus retells the history of economic thought, from Bentham to the present, through the lens of mainstream theory’s attachment to hedonism and its supporting doctrines. An introductory chapter...

.... 1966 . Economics of Outdoor Recreation . Baltimore, Md.: Johns Hopkins Press for Resources for the Future. Colwell, Peter F., and Gene Dilmore. 1999 . Who Was First? An Examination of an Early Hedonic Study. Land Economics 75 : 620 -26. Cooper, Gershon. 1948 . The Role of Econometric...

... retells the history of economic thought, from Bentham to the present, through the lens of mainstream theory’s attachment to hedonism and its supporting doctrines. An introductory chapter outlines the work; the second chapter discusses the principal characteristics of hedonism as they have...

... a brief account of the development of Pareto’s views on the foundations of economic theory. In section 4 we review the traditional explanations of Pareto’s “inconsistencies” on cardinalism and hedonism. Section 5 is the core of the article and contains our favored interpretation of Pareto’s revolution...

... on the study of explor- atory behavior and curiosity.9 The first findings of this research stressed 7. “We must abandon the old fashioned notion that pain and pleasure are the negative and positive segments of a one-dimensional scale, something like a hedonic gauge, calibrated from utter misery...

... Butler's doctrine of self love.’ Mind 1 : 570 -71. Edgeworth , F. Y. 1877 . New and old methods of ethics or ‘physical ethics' and ‘methods of ethics.’ Oxford. Edgeworth , F. Y. 1879 . ‘The hedonical calculus.’ Mind 4 : 394 -408. Edgeworth , F. Y. 1881 . Mathematical...

... Books . Riley J. 1999 . “ Is Qualitative Hedonism Incoherent? ” Utilitas 11 ( 3 ): 347 – 58 . Robson J. M. 1960 . “ J.S. Mill’s Theory of Poetry .” University of Toronto Quarterly 29 : 420 – 38 . ———. 1968 . The Improvement of Mankind: The Social and Political...

... and Allais, Maurice, 80 hedonic price index, 310 Allen, H. V., 123–24 Agricultural economists, Allen, Roy, 13–14 Cobb-Douglas regression Altonji, Joseph, 296 and, 235–57 Amano, Masahiro, 201 critiques of, econometric, 241–44...

... as a conse- quence of realizing the shortcomings of psychological hedonism. Their claims may have been true of Menger’s followers, but not of Menger. Endres - Menger, Wieser, Bohm-Bawerk 287 social psychology, because it attempts to comprehend subjectively the meaning of human...

... intellectual development from the exact utilitarianism of NOME in 1877 through Minds ‘Hedonical calculus’ of 1879 to the ‘Economical calculus’ (pp. 16-56) of MP in 1881 is essential to full understanding. Beginning in 1879, Edgeworth had the good fortune to learn economics from his friend...

... faults, none of which will I recount. I do make a couple of points, however. First, I wonder if what Lowry throughout calls “hedonic calculation and the quantification of choice” would be more accurately described (other than as a metaphor) as a hedonic mode of dis- course and analysis...

... in the empirical work of agricultural and labor economists (Stapleford 2012; Didier 2012). Smith (1986) gave the example of self-reporting from home- owners on the market value of their houses, which economists considered perfectly acceptable input in Hedonic Pricing calculations. Clawson showed himself well aware...

... between hedonism. utilitarianism, and Benthamism, as represented by various Italian writ- ers. The second part is devoted to an examination of various aspects of classical doctrine, with practically no reference to the theme of the meeting. Vol. 11. part I. entitled “From Calderoni to Vito...

... out that this entity is carefully elabo- rated in Plato’s less well known dialogue, Hippias Major. Also, scholars would do well to consult Plato’s Protagoras for both a thorough exposition of Bentham’s feli- cific calculus—hedonism—and Protagoras’s political myth. In this account, humans were...