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Conventions, Operations, Predictions: Redefining Utility Measurement, 1952–1955

Ivan Moscati

in Measuring Utility: From the Marginal Revolution to Behavioral Economics

Published in print:
2018
Published Online:
December 2018
ISBN:
9780199372768
eISBN:
9780199372805
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780199372768.003.0013
Subject:
Economics and Finance, Microeconomics

Chapter 12 analyzes the third phase of the debate on expected utility theory, from the end of 1952 to 1955. The issues concerning the nature of utility measurement gained an autonomous status in this ... More


Economics Is Founded Upon Property, Not Property Rights

Bart J. Wilson

in The Property Species: Mine, Yours, and the Human Mind

Published in print:
2020
Published Online:
April 2020
ISBN:
9780190936785
eISBN:
9780190936822
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190936785.003.0009
Subject:
Economics and Finance, Behavioural Economics, Economic History

This chapter discusses the implications for economics and its treatment of property rights, not property. The language of “property rights” contains a tacit assumption about how we think they work. ... More


Equilibrium models vs. evolutionary economic models

Lawrence A. Boland

in Equilibrium Models in Economics: Purposes and Critical Limitations

Published in print:
2017
Published Online:
May 2017
ISBN:
9780190274320
eISBN:
9780190274368
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190274320.003.0012
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines the extent to which models based on evolutionary economics can provide a worthy alternative to neoclassical equilibrium models. The chapter discusses the difference between ... More


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