1. Introduction -- 2. Price Indices Depending only on Prices -- 2.1 Definition, Examples, Implications -- 2.2 Characterizations of Price Indices -- 3. Price Indices Depending on Prices and Quantities -- 3.1 Definition, Examples -- 3.2 Fisher’s System of Tests -- 3.3 Implications and...

The utility idea has had a long history in economics, especially in the explanation of demand and in welfare economics. In a comprehensive survey and critique of the Slutsky theory and the pattern to which it belongs in the economic context, S. N. Afriat offers a resolution of questions central...