New Methods of Measuring Marginal Utility PDF Download

Author: Ragnar Frisch
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 160

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Author: Ivan Moscati
Publisher:
ISBN: 0199372764
Category : Business & Economics
Languages : en
Pages : 345

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Book Description
Utility is a key concept in the economics of individual decision-making. However, utility is not measurable in a straightforward way. As a result, from the very beginning there has been debates about the meaning of utility as well as how to measure it. This book is an innovative investigation of how these arguments changed over time. Measuring Utility reconstructs economists' ideas and discussions about utility measurement from 1870 to 1985, as well as their attempts to measure utility empirically. The book brings into focus the interplay between the evolution of utility analysis, economists' ideas about utility measurement, and their conception of what measurement in general means. It also explores the relationships between the history of utility measurement in economics, the history of the measurement of sensations in psychology, and the history of measurement theory in general. Finally, the book discusses some methodological problems related to utility measurement, such as the epistemological status of the utility concept and its measures. The first part covers the period 1870-1910, and discusses the issue of utility measurement in the theories of Jevons, Menger, Walras and other early utility theorists. Part II deals with the emergence of the notions of ordinal and cardinal utility during the period 1900-1945, and discusses two early attempts to give an empirical content to the notion of utility. Part III focuses on the 1945-1955 debate on utility measurement that was originated by von Neumann and Morgenstern's expected utility theory (EUT). Part IV reconstructs the experimental attempts to measure the utility of money between 1950 and 1985 within the framework provided by EUT. This historical and epistemological overview provides keen insights into current debates about rational choice theory and behavioral economics in the theory of individual decision-making and the philosophy of economics.

Author: Luigi L. Pasinetti
Publisher: Oxford University Press, USA
ISBN: 9780198290346
Category : Business & Economics
Languages : en
Pages : 404

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Book Description
This third volume in the Italian Economic Papers series collects the work of lesser-known economists who were active in Italy primarily between the two World Wars. It will appeal to academics in the fields of economic theory, economic history, and public finance.

Author: Royal Economic Society
Publisher: Springer
ISBN: 1349018600
Category : Business & Economics
Languages : en
Pages : 274

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Author: William Vickrey
Publisher: Cambridge University Press
ISBN: 9780521597630
Category : Business & Economics
Languages : en
Pages : 574

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This book provides convenient access to a selection of Nobel prizewinner William Vickrey's papers, which have helped shape the modern field of public economics.

Author: Duncan Black
Publisher: Taylor & Francis
ISBN:
Category : Business & Economics
Languages : en
Pages : 372

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Author: Andranik S. Tangian
Publisher: Springer Science & Business Media
ISBN: 3642560385
Category : Business & Economics
Languages : en
Pages : 581

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For some seven decades, econometrics has been almost exclusiveley dealing with constructing and applying econometric equation systems, which constitute constraints in econometric optimization models. The second major component, the scalarvalued objective function, has only in recent years attracted more attention and some progress has been made. This book is devoted to theories, models and methods for constructing scalarvalued objective functions for econometric optimization models, to their applications, and to some related topics like historical issues about pioneering contributions by Ragnar Frisch and Jan Tinbergen.

Author: Erhun Kula
Publisher: Springer Science & Business Media
ISBN: 9780412363306
Category : Science
Languages : en
Pages : 312

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Book Description
Looks in detail at the history of economic thought on natural resources and the environment, the economics of fisheries, forestry, mining, petroleum, coal and natural gas deposits. There are also chapters devoted to environmental degradation and the economics of the world's natural wonders.

Author: Owen O'Donnell
Publisher: Emerald Group Publishing
ISBN: 1781905541
Category : Business & Economics
Languages : en
Pages : 532

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Book Description
This volume contains methodological and empirical research on the measurement and causes of health inequality from leading experts in health economics and economic inequality. It is essential reading for researchers working on health inequality and provides an immediate reconnaissance of the frontiers for those entering this exciting field.

Author: Uskali Mäki
Publisher: Elsevier
ISBN: 044451676X
Category : Business & Economics
Languages : en
Pages : 929

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Book Description
Part of the Handbook of the Philosophy of Science Series edited by: Dov M. Gabbay King's College, London, UK; Paul Thagard University of Waterloo, Canada; and John Woods University of British Columbia, Canada. Philosophy of Economics investigates the foundational concepts and methods of economics, the social science that analyzes the production, distribution and consumption of goods and services. This groundbreaking collection, the most thorough treatment of the philosophy of economics ever published, brings together philosophers, scientists and historians to map out the central topics in the field. The articles are divided into two groups. Chapters in the first group deal with various philosophical issues characteristic of economics in general, including realism and Lakatos, explanation and testing, modeling and mathematics, political ideology and feminist epistemology. Chapters in the second group discuss particular methods, theories and branches of economics, including forecasting and measurement, econometrics and experimentation, rational choice and agency issues, game theory and social choice, behavioral economics and public choice, geographical economics and evolutionary economics, and finally the economics of scientific knowledge. This volume serves as a detailed introduction for those new to the field as well as a rich source of new insights and potential research agendas for those already engaged with the philosophy of economics. Provides a bridge between philosophy and current scientific findings Encourages multi-disciplinary dialogue Covers theory and applications