...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...

...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...

...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...

...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...

...,” 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...

...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...

... 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...

... 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...

... 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...

... 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...

...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...

... 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...

... 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...

... In these early writings, Edgeworth s epistemological and ethical positions rely on two central hypotheses. First, comparisons and additions between personal satisfactions are possible: in other words, utility is directly measurable.8 The second assumption forms the theoretical core of Edge- worth s...

... 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...

.... 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...

... Principles of the Theory of Wealth , translated by N. T. Bacon. New York, 1897. Dupuit , Jules , 1844 . “On the Measurement of the Utility of Public Works,” translated by R. H. Barback. International Economic Papers , no. 2 (1952), p. 83 -110. Bordas , Louis , 1847 . “De la mesure de...

... 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...

... 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...

... – 40 . ———. 1932 . New Methods of Measuring Marginal Utility . Tübingen : Mohr . Georgescu-Roegen Nicholas . 1936 . “ The Pure Theory of Consumer’s Behavior .” Quarterly Journal of Economics 50 ( 4 ): 545 – 93 . ———. 1950 . “ The Constancy of Choice and the Constancy...