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This chapter discusses the possible influence of Bentham on Ricardo's economics through three rendez-vous. The first one was mediated by James Mill: we show that (i) if Mill ever had an influence on Ricardo early in their relationship, he was not yet Benthamian, and (ii) if this influence was to...
Persistent link: https://www.econbiz.de/10012222615
This paper aims at exploring, in a formal way, Bentham's statement that “the pleasure of gaining is not equal to the evil of losing”, which belongs to those aspects of the principle of utility left aside by Jevon's reconstruction. Consequently, the agent's preference order will be viewed as...
Persistent link: https://www.econbiz.de/10008790544