Measuring Utility: From the Marginal Revolution to Behavioral Economics

ISBN-13: 9780199372775 / Angielski / Miękka / 2018 / 344 str.

Ivan Moscati

Opis

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.

Recenzje

Ivan Moscati has given us an extremely important history of utility theory, measurement theory, and the relationship between the two for the period from the marginal revolution in the 1870s to the behavioral economics revolution in the mid-1980s. It is a badly needed book, on a very important topic, that deals with difficult interdisciplinary material, and it is brilliantly executed.

O autorze

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.