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This paper analyses the foundation of utilitarian ethics and theory of probability in the works of Francis Y. Edgeworth. We argue that he pursued an unitary philosophical project, the search for a common epistemological foundation for the social sciences. The common root of the disciplines is...
Persistent link: https://www.econbiz.de/10005824315
The purpose of this article is to demonstrate that Edgeworth’s Mathematical Psychics (1881) has been influenced by various intellectual contemporaries through the ‘Sidgwick-Barratt Controversy’. Under the influence of Barratt, Edgeworth admitted the physical methods of ethics; which is...
Persistent link: https://www.econbiz.de/10005764910
This article contributes to the explanation of the methodological differences between Cournot and Walras when these authors apply mathematics to economics. Our article explains the reasons behind Cournot’s refusal when Walras required him to write an article, which advocates the application of...
Persistent link: https://www.econbiz.de/10009003042
This paper proposes a general interpretation of Edgworth’s thought based on the recognition of a unitary philosophical project in his contributions to ethics, economics, probability and statistics. This project consists in the search for a common epistemological foundation for the social...
Persistent link: https://www.econbiz.de/10005766478
This paper examines how some of the main exponents of the Austrian school of economics addressed the issues related to the measurability of utility. The first part is devoted to the period before World War I. During this period, Menger and Wieser treated de facto utilities as if they were...
Persistent link: https://www.econbiz.de/10014151097
The paper argues that the canonical dichotomy between cardinal utility and ordinal utility is inadequate to tell the history of utility theory, and that a third form of utility consistent with the so-called classical understanding of measurement should be added to the traditional picture....
Persistent link: https://www.econbiz.de/10014186318
This paper analyses the foundation of utilitarian ethics and theory of probability in the works of Francis Y. Edgeworth. We argue that he pursued an unitary philosophical project, the search for a common epistemological foundation for the social sciences. The common root of the disciplines is...
Persistent link: https://www.econbiz.de/10014053165
Probability theory has a central role in Edgeworth's thought; this paper examines the philosophical foundation of the theory. Starting from a frequentist position, Edgeworth introduced some innovations on the definition of primitive probabilities. He distinguished between primitive probabilities...
Persistent link: https://www.econbiz.de/10014053168
The paper shows that cardinal utility entered economic analysis during the Ordinal Revolution initiated by Pareto and not, as many popular histories of utility theory assume, before it. Cardinal utility was the outcome of a discussion begun by Pareto about the capacity of ranking transitions...
Persistent link: https://www.econbiz.de/10011204475
This article revisits the reasons why Leon Walras did not give enough consideration to the economic and social analysis of Adolphe Landry. Both were fervent defenders of socialism and their recommendations for social economics are based on thorough economic analysis. We show that Walras did not...
Persistent link: https://www.econbiz.de/10010584279