Author: Emil Kauder
Publisher: Princeton University Press
Published: 2015-12-08
Total Pages: 271
ISBN-13: 1400877741
DOWNLOAD EBOOK →The author blends historical narrative with a topical approach and discusses such aspects of the theory as measurement, total value, and imputation. Originally published in 1965. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Author: Richard S. Howey
Publisher: Columbia University Press
Published: 1989
Total Pages: 308
ISBN-13: 9780231071536
DOWNLOAD EBOOK →Author: Richard Anderson Harvill
Publisher:
Published: 1927
Total Pages: 175
ISBN-13:
DOWNLOAD EBOOK →Author: Ivan Moscati
Publisher: Oxford Studies in History of E
Published: 2018-11-22
Total Pages: 345
ISBN-13: 0199372764
DOWNLOAD EBOOK →Utility is a key concept in the economics of individual decision-making. However, utility is not measurable in a straightforward way. As a result, from the very beginning there has been debates about the meaning of utility as well as how to measure it. This book is an innovative investigation of how these arguments changed over time. Measuring Utility reconstructs economists' ideas and discussions about utility measurement from 1870 to 1985, as well as their attempts to measure utility empirically. The book brings into focus the interplay between the evolution of utility analysis, economists' ideas about utility measurement, and their conception of what measurement in general means. It also explores the relationships between the history of utility measurement in economics, the history of the measurement of sensations in psychology, and the history of measurement theory in general. Finally, the book discusses some methodological problems related to utility measurement, such as the epistemological status of the utility concept and its measures. The first part covers the period 1870-1910, and discusses the issue of utility measurement in the theories of Jevons, Menger, Walras and other early utility theorists. Part II deals with the emergence of the notions of ordinal and cardinal utility during the period 1900-1945, and discusses two early attempts to give an empirical content to the notion of utility. Part III focuses on the 1945-1955 debate on utility measurement that was originated by von Neumann and Morgenstern's expected utility theory (EUT). Part IV reconstructs the experimental attempts to measure the utility of money between 1950 and 1985 within the framework provided by EUT. This historical and epistemological overview provides keen insights into current debates about rational choice theory and behavioral economics in the theory of individual decision-making and the philosophy of economics.
Author: Thorstein Veblen
Publisher: Read Books Ltd
Published: 2015-02-10
Total Pages: 23
ISBN-13: 1473399114
DOWNLOAD EBOOK →Originally published in 1909, this is a work by Thorstein Veblen, an American economist and sociologist. It is an article written for the Journal of Political Economy publication outlining some of his theories on economics. We are republishing this work with a brand new introductory biography of the author with the aim of placing it in the context of his other writings and achievements. The following passage is an extract from the article: 'The limitations of the marginal-utility economics are sharp and characteristic. It is from first to last a doctrine of value, and in point of form and method it is a theory of valuation. The whole system, therefore, lies within the theoretical field of distribution, and it has but a secondary bearing on any other economic phenomena than those of distribution -- the term being taken in its accepted sense of pecuniary distribution, or distribution in point of ownership.'
Author: Eduard Carel Frans Joseph Schröder
Publisher:
Published: 1947
Total Pages: 144
ISBN-13:
DOWNLOAD EBOOK →Author: Wolfgang Hafner
Publisher: Springer Science & Business Media
Published: 2009-11-18
Total Pages: 553
ISBN-13: 3540857117
DOWNLOAD EBOOK →In 1908, Vinzenz Bronzin, a professor of mathematics at the Accademia di Commercio e Nautica in Trieste, published a booklet in German entitled Theorie der Prämiengeschäfte (Theory of Premium Contracts) which is an old type of option contract. Almost like Bachelier’s now famous dissertation (1900), the work seems to have been forgotten shortly after it was published. However, almost every element of modern option pricing can be found in Bronzin’s book. He derives option prices for an illustrative set of distributions, including the Normal. - This volume includes a reprint of the original German text, a translation, as well as an appreciation of Bronzin's work from various perspectives (economics, history of finance, sociology, economic history) including some details about the professional life and circumstances of the author. The book brings Bronzin's early work to light again and adds an almost forgotten piece of research to the theory of option pricing.
Author: Fouad Sabry
Publisher: One Billion Knowledgeable
Published: 2024-02-03
Total Pages: 347
ISBN-13:
DOWNLOAD EBOOK →What is Marginal Utility In the field of economics, the term "marginal utility" refers to the change in the monetary value of a single unit of a product or service.The marginal utility can be either positive or negative, or it can be zero. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Marginal utility Chapter 2: Austrian school of economics Chapter 3: Carl Menger Chapter 4: Neoclassical economics Chapter 5: Utility Chapter 6: Indifference curve Chapter 7: Léon Walras Chapter 8: William Stanley Jevons Chapter 9: Eugen von Böhm-Bawerk Chapter 10: Principles of Economics (Menger book) Chapter 11: Friedrich von Wieser Chapter 12: Marginalism Chapter 13: Cost-of-production theory of value Chapter 14: Consumer choice Chapter 15: Capital and Interest Chapter 16: Subjective theory of value Chapter 17: Francis Ysidro Edgeworth Chapter 18: Theory of value (economics) Chapter 19: John Bates Clark Chapter 20: Cardinal utility Chapter 21: Criticisms of the labour theory of value (II) Answering the public top questions about marginal utility. (III) Real world examples for the usage of marginal utility in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Marginal Utility.