Witt, Ulrich - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2005
Twentieth century demand theory is an outgrowth of the revision of the utilitarian program undertakenby Jevons (1879) in the so-called marginalist revolution. In the original, Benthamite version, theutilitarian program was based on a naturalistic, hedonic theory of behavior. Utility was...