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Ordinal Utility: Pareto and the Austrians, 1900–1915

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/9780199372768.003.0006
Subject:
Economics and Finance, Microeconomics

Chapter 5 deals with the ordinal revolution in utility analysis inaugurated by Vilfredo Pareto around 1900. The fundamental notion of Pareto’s analysis was that of preference, and he conceived of ... More


The distribution of wealth in society

Peter Richmond, Jürgen Mimkes, and Stefan Hutzler

in Econophysics and Physical Economics

Published in print:
2013
Published Online:
December 2013
ISBN:
9780199674701
eISBN:
9780191780066
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199674701.003.0021
Subject:
Physics, Theoretical, Computational, and Statistical Physics

This chapter discusses how income and wealth are distributed in society, discussing factors such as the form of the distribution density function and whether or not it is dependent on time, history, ... More


Cardinal Utility: How It Entered Economic Analysis from Pareto to Samuelson, 1915–1945

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/9780199372768.003.0007
Subject:
Economics and Finance, Microeconomics

Chapter 6 reconstructs the progressive definition and stabilization of the current notion of cardinal utility as utility unique up to positive linear transformations. This notion was the eventual ... More


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