Since the marginal revolution of the 1870s, the economic theory of decision-making has been based on the notion of utility. Utility, however, is not measurable. This book reconstructs economists' struggles with issues related to utility measurement from the 1870s to the beginning of behavioral economics in the mid-1980s.
Since the marginal revolution of the 1870s, the economic theory of decision-making has been based on the notion of utility. Utility, however, is not measurable. This book reconstructs economists' struggles with issues related to utility measurement from the 1870s to the beginning of behavioral economics in the mid-1980s.Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
Ivan Moscati is Associate Professor of Economics at the University of Insubria, Varese, and teaches History of Economics at Bocconi University, Milan. His articles have been published in a range of journals in economics, history of economic thought, and economic methodology, and one of them was awarded the Best Article Award of the History of Economics Society.
Inhaltsangabe
* Introduction * PART I: Utility Measurement in Early Utility Theories, 1870-1910 * 1. When Unit-Based Measurement Ruled the World: An Interdisciplinary Overview, 1870-1910 * 2. Is There a Unit of Utility? : Jevons, Menger, and Walras on the Measurability of Utility, 1870-1910 * 3. Still on the Quest for a Unit: Utility Measurement in Wieser, Böhm-Bawerk, Edgeworth, Fisher, and Marshall, 1880-1910 * PART II: Ordinal and Cardinal Utility, and Early Empirical Measurements of Utility, 1900-1945 * 4. Fundamental Measurement, Sensation Differences, and the British Controversy on Psychological Measurement, 1910-1940 * 5. Ordinal Utility: Pareto and the Austrians, 1900-1915 * 6. Cardinal Utility: How It Entered Economic Analysis from Pareto to Samuelson, 1915-1945 * 7. Going Empirical: The Econometric and Experimental Approaches to Utility Measurement of Frisch and Thurstone, 1925-1945 * PART III: From Debating Expected Utility Theory to Re-Defining Utility Measurement, 1945-1955 * 8. Stevens and the Operational Definition of Measurement in Psychology, 1935-1950 * 9. The Expected Utility Theory and Measurement Theory of von Neumann and Morgenstern, 1944-1947 * 10. What Is That Function?: Friedman, Savage, Marschak, Samuelson, and Baumol on EUT, 1947-1950 * 11. From Chicago to Paris: The Debate Continues, 1950-1952 * 12. Conventions, Operations, Predictions: Re-Defining Utility Measurement, 1952-1955 * PART IV: Expected Utility Theory and Experimental Utility Measurement, 1950-1985 * 13. Experimental Utility Measurement: The Age of Confidence I, 1950-1960 * 14. Marschak and Utility Measurement at Yale: The Age of Confidence II, 1960-1965 * 15. From Utility Measurement to the Representational Theory of Measurement: The Case of Suppes, 1950-1970 * 16. Measuring Utility, Destabilizing EUT: Behavioral Economics Begins, 1965-1985 * Epilogue * Acknowledgments * References * Index
* Introduction * PART I: Utility Measurement in Early Utility Theories, 1870-1910 * 1. When Unit-Based Measurement Ruled the World: An Interdisciplinary Overview, 1870-1910 * 2. Is There a Unit of Utility? : Jevons, Menger, and Walras on the Measurability of Utility, 1870-1910 * 3. Still on the Quest for a Unit: Utility Measurement in Wieser, Böhm-Bawerk, Edgeworth, Fisher, and Marshall, 1880-1910 * PART II: Ordinal and Cardinal Utility, and Early Empirical Measurements of Utility, 1900-1945 * 4. Fundamental Measurement, Sensation Differences, and the British Controversy on Psychological Measurement, 1910-1940 * 5. Ordinal Utility: Pareto and the Austrians, 1900-1915 * 6. Cardinal Utility: How It Entered Economic Analysis from Pareto to Samuelson, 1915-1945 * 7. Going Empirical: The Econometric and Experimental Approaches to Utility Measurement of Frisch and Thurstone, 1925-1945 * PART III: From Debating Expected Utility Theory to Re-Defining Utility Measurement, 1945-1955 * 8. Stevens and the Operational Definition of Measurement in Psychology, 1935-1950 * 9. The Expected Utility Theory and Measurement Theory of von Neumann and Morgenstern, 1944-1947 * 10. What Is That Function?: Friedman, Savage, Marschak, Samuelson, and Baumol on EUT, 1947-1950 * 11. From Chicago to Paris: The Debate Continues, 1950-1952 * 12. Conventions, Operations, Predictions: Re-Defining Utility Measurement, 1952-1955 * PART IV: Expected Utility Theory and Experimental Utility Measurement, 1950-1985 * 13. Experimental Utility Measurement: The Age of Confidence I, 1950-1960 * 14. Marschak and Utility Measurement at Yale: The Age of Confidence II, 1960-1965 * 15. From Utility Measurement to the Representational Theory of Measurement: The Case of Suppes, 1950-1970 * 16. Measuring Utility, Destabilizing EUT: Behavioral Economics Begins, 1965-1985 * Epilogue * Acknowledgments * References * Index
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