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utility measurement

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Journal Article
History of Political Economy (2020) 52 (4): 709–740.
Published: 01 August 2020
...Thomas Michael Mueller In 1881, Francis Ysidro Edgeworth attempted to provide a solid psychological basis for utility measurement. I will show that Edgeworth’s main struggle was to provide a possible measurement scale for a feeling—pleasure—using some kind of physical magnitude that would have...
Journal Article
History of Political Economy (2013) 45 (3): 373–414.
Published: 01 September 2013
...Ivan Moscati This article argues that the canonical dichotomy between cardinal utility and ordinal utility is inadequate to tell an accurate history of utility theory, and that a third form of utility consistent with the so-called classical understanding of measurement should be added...
Journal Article
History of Political Economy (2016) 48 (suppl_1): 239–269.
Published: 01 December 2016
...Ivan Moscati The article studies the origin, content, and impact of two experiments to measure the utility of money, one by Frederick Mosteller and Philip Nogee in 1948–49 and one by Donald Davidson, Patrick Suppes, and Sidney Siegel in 1954. Both experiments relied on expected utility theory (EUT...
Journal Article
History of Political Economy (2019) 51 (5): 974–976.
Published: 01 October 2019
...Alex Rosenberg Measuring Utility: From the Marginal Revolution to Behavioral Economics . By Moscati Ivan . New York : Oxford University Press , 2019 . vii; 326 pp. $34.95 . Copyright © 2019 Duke University Press 2019 974 Book Reviews Measuring Utility: From the Marginal...
Journal Article
History of Political Economy (2015) 47 (4): 547–575.
Published: 01 December 2015
...,” this debate raising problems linked not only to the measurement of utility but also to its meaning, in particular, whether utility meant pleasure (as for utilitarians) or simply individual desires and wants. Third, policy implications were at stake because this problem high- lighted possible...
Journal Article
History of Political Economy (2008) 40 (4): 613–632.
Published: 01 November 2008
...Marco Dardi This article argues that Marshall's theory of market choice was originally elaborated within the classic framework of the use value/exchangeable value dichotomy, with reference to a version of utilitarianism that did not assume measurable utility. The key concepts were those of marginal...
Journal Article
History of Political Economy (1976) 8 (2): 266–273.
Published: 01 June 1976
... a different direction. A partial statement of her position is set forth in the following passage: Dupuit based his criticism of Say’s method of measuring benefits, and Say’s measure of utility as such, on Say’s neglect of Adam Smith’s distinction between value in use and value in exchange...
Journal Article
History of Political Economy (2014) 46 (4): 677–693.
Published: 01 November 2014
... Utility with Revealed Preference: Experimental Arguments Based on Prospect Theory. ” Journal of Econometrics 138 ( 1 ): 356 – 78 . Alt Franz . 1936 . “ Über die Messbarkeit des Nutzens. ” Zeitschrift für Nationalökonomie 7 : 161 – 69 . ———. 1937 . “ On the Measurability of Utility...
Journal Article
History of Political Economy (2016) 48 (suppl_1): 332–334.
Published: 01 December 2016
... of Political Economy, European Journal of the History of Economic Thought, Jour- nal of the History of Economic Thought, and Journal of Economic Methodology. He is working on a book on the history of utility measurement, under contract with Oxford University Press. John Staddon is James B. Duke...
Journal Article
History of Political Economy (1975) 7 (1): 56–74.
Published: 01 March 1975
... been said, was the last of the Schoolmen. The problem of the role of cost vs. utility in determining exchange value is an interesting one in the development of economic analysis. After Adam Smith scrubbed utility as a measure of value, because, among other reasons, he failed...
Journal Article
History of Political Economy (1975) 7 (4): 549–565.
Published: 01 November 1975
...Norfleet W. Rives, Jr. Copyright © 1975 by Duke University Press 1975 Norfleet Rives is Assistant Professor of Statistics and Urban Affairs at the University of Delaware. References Alchian , A. “The Meaning of Utility Measurement”. American Economic Review 43 ( 1953...
Journal Article
History of Political Economy (2004) 36 (4): 617–637.
Published: 01 November 2004
... England Journal of Medicine 305.9 : 489 -94. Snow, A. J. 1924 . Psychology in Economic Theory. Journal of Political Economy 32 : 487 -96. Stevens, S. 1959 . Measurement, Psychophysics, and Utility. In Measurement, Definitions, and Theories ,edited by C. W. Churchman and P. Ratoosh. New York...
Journal Article
History of Political Economy (2014) 46 (2): 231–246.
Published: 01 June 2014
... this view of utility is consistent with utilitarianism; that is, they ask if it is still a hedonistic and a conse- quentialist view. Second, they ask whether this view is consistent with the measurement of utility. Can qualitative aspects of utility ultimately be reduced to quantitative units...
Journal Article
History of Political Economy (2021) 53 (5): 799–832.
Published: 01 October 2021
... and the Breadwinner Wage: Contrasting Assumptions .” Journal of Social History 34 , no. 2 : 261 – 81 . Colander David . 2007 . “ Edgeworth’s Hedimonimeter and the Quest to Measure Utility .” Journal of Economic Perspectives 31 , no. 2 : 215 – 25 . Cot Annie L. 2003 . “ ‘Let...
Journal Article
History of Political Economy (1975) 7 (2): 209–226.
Published: 01 June 1975
... of the principles of marginal utility which he had earlier outlined, along with his methodological criticism, in his first work. The prevailing theory of value was based on an erroneous conception of utility and of its role in exchange, he ob- served. Value is a measure of utility-the utility...
Journal Article
History of Political Economy (2010) 42 (1): 21–73.
Published: 01 March 2010
.... Burk [Bergson], A. 1936 . Real Income, Expenditure Proportionality, and Frisch's “New Methods of Measuring Marginal Utility.” Review of Economic Studies 4 : 33 –52. Cargill, T. F. 1974 . Early Applications of Spectral Methods to Economic Time Series. HOPE 6 : 1 –16. Chipman, J. S. 1998...
Journal Article
History of Political Economy (1985) 17 (3): 419–454.
Published: 01 September 1985
... simultaneously with the dis- covery of marginal utility and its application to demand theory. Although Cournot (1838 [1897, 78-81]) developed an adequate measure of pro- ducer surplus his method failed to produce the same result for consumer surplus. Cournot always measured the cost to consumers...
Journal Article
History of Political Economy (1999) 31 (Supplement): 85–120.
Published: 01 December 1999
... in Consumer Choice . London: Routledge. Chaigneau , Nicolas . 1996a . A Case of Swinging Boundary: Edgeworth versus Fisher on Utility Measurement. Presented at the BSHS/AHSC Conference, 23–26 July, Edinburgh. Chaigneau , Nicolas . 1996b . Utilitarisme et psychophysique dans les New and Old...
Journal Article
History of Political Economy (1978) 10 (4): 636–668.
Published: 01 November 1978
... Postwar Contributions of French Economists to Theory and Public Policy, with Special Emphasis on Problems of Resource Allocation.” American Economic Review 44 , pt. 2 (June 1964 ): 1 -64. Dupuit , Jules “On the Measurement of the Utility of Public Works.” Annales des Ponts et Chaussées , 2d...
Journal Article
History of Political Economy (2012) 44 (1): 113–155.
Published: 01 March 2012
... ): 463 – 95 . Frisch Ragnar . 1926 . “ Sur un problème d’économie pure .” Norsk mathematisk skrifter , ser. 1 , 16 : 1 – 40 . ———. 1932 . New Methods of Measuring Marginal Utility . Tübingen : Mohr . Georgescu-Roegen Nicholas . 1936 . “ The Pure Theory of Consumer’s...