IRVING FISHER, RAGNAR FRISCH, AND THE ELUSIVE QUEST FOR MEASURABLE UTILITY
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Published:2023-05-25
Issue:4
Volume:45
Page:559-575
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ISSN:1053-8372
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Container-title:Journal of the History of Economic Thought
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language:en
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Short-container-title:J Hist Econ Thought
Abstract
Commitment to the behaviorist approach to utility theory, to the usefulness of mathematics in economic analysis, and to equalization of the marginal utility of income as a principle of just taxation brought Irving Fisher and Ragnar Frisch to attempt to measure the marginal utility of income and led them to collaborate in forming the Econometric Society and sponsoring the establishment of the Cowles Commission, institutions advancing economic theory in connection to mathematics and statistics, and led Frisch to pioneer an axiomatic approach to utility and microeconomic theory.
Funder
Universitetet i Oslo
Publisher
Cambridge University Press (CUP)
Subject
History and Philosophy of Science,General Economics, Econometrics and Finance,General Arts and Humanities
Reference84 articles.
1. Alfred Cowles and Robert Rhea on the Predictability of Stock Prices;Dimand;Journal of Business Inquiry,2010
2. Classic and Current Notions of "Measurable Utility"
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