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Measuring Utility – From the Marginal Revolution to Behavioral Economics - Oxford Scholarship Online
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Measuring Utility: From the Marginal Revolution to Behavioral Economics

Ivan Moscati

Abstract

The book reconstructs the history of utility measurement in economics, from the marginal revolution of the 1870s to the beginning of behavioral economics in the mid-1980s. Part I covers 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 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 originated by von Neumann and ... More

Keywords: utility measurement, utility theory, measurement theory, economic methodology, ordinal utility, cardinal utility, choice behavior, expected utility theory, experimental utility measurement, measurement of sensations

Bibliographic Information

Print publication date: 2018 Print ISBN-13: 9780199372768
Published to Oxford Scholarship Online: December 2018 DOI:10.1093/oso/9780199372768.001.0001

Authors

Affiliations are at time of print publication.

Ivan Moscati, author
Associate Professor of Economics, University of Insubria, Varese, Italy, and Adjunct Professor in History of Economic Thought, Bocconi University, Milan, Italy

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