Download or read book History of Marginal Utility Theory written by Emil Kauder and published by Princeton University Press. This book was released on 2015-12-08 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Measuring Utility written by Ivan Moscati and published by Oxford Studies in History of E. This book was released on 2018-11-22 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Limitations of Marginal Utility Essential Economics Series Celebrated Economists written by Thorstein Veblen and published by Read Books Ltd. This book was released on 2015-02-10 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.'
Download or read book The Rise of the Marginal Utility School 1870 1889 written by Richard S. Howey and published by Columbia University Press. This book was released on 1989 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Marginal Utility and Value written by Silas Marcus Macvane and published by . This book was released on 1893 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Theory of Marginal Value written by L. V. Birck and published by Routledge. This book was released on 2013-04-15 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of 'marginal value' is critical to the emergence of neo-classical economics. This volume is divided into sections on: Book I: Utility (Disutility of labour, Utility and Wants, Direct and Indirect Utility, Utility Equations, Subjective Price) Book II: Value and Market (Objective Price, Markets, Value) Book III: Relations of Subjective Prices (The Distribution of Income and Prices, The Elasticity of Consumption, Differential Rent) Book IV: The Normal Market (Constant, Decreasing and Increasing Return)
Download or read book The Theory of Marginal Value written by Laurits Vilhelm Birck and published by . This book was released on 1922 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Limitations of Marginal Utility written by Thorstein Veblen and published by . This book was released on 1909 with total page 636 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A History of Marginal Utility Theory written by Emil Kauder and published by . This book was released on 1965 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Description for this book, History of Marginal Utility Theory, will be forthcoming.
Download or read book Intermediate Microeconomics written by Patrick M. Emerson and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Marginal Utility written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-03 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book New Methods of Measuring Marginal Utility written by Ragnar Frisch and published by . This book was released on 1978 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Microeconomics For Dummies written by Lynne Pepall and published by John Wiley & Sons. This book was released on 2016-01-14 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Your no-nonsense guide to microeconomics The study of microeconomics isn't for the faint of heart. Fortunately, Microeconomics For Dummies is here to help make this tough topic accessible to the masses. If you're a business or finance major looking to supplement your college-level microeconomics coursework—or a professional who wants to expand your general economics knowledge into the microeconomics area—this friendly and authoritative guide will take your comprehension of the subject from micro to macro in no time! Cutting through confusing jargon and complemented with tons of step-by-step instructions and explanations, it helps you discover how real individuals and businesses use microeconomics to analyze trends from the bottom up in order to make smart decisions. Snagging a job as an economist is fiercely competitive—and highly lucrative. Having microeconomics under your belt as you work toward completing your degree will put you head and shoulders above the competition and set you on the course for career advancement once you land a job. So what are you waiting for? Analyze small-scale market mechanisms Determine the elasticity of products within the market systems Decide upon an efficient way to allocate goods and services Score higher in your microeconomics class Everything you need to make microeconomics your minion is a page away!
Download or read book Happiness Quantified written by Bernard M. S. van Praag and published by Oxford University Press. This book was released on 2008 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using German, British, Dutch, and Russian data, the authors cover a wide range of topics.
Download or read book Boredom written by Patricia Meyer Spacks and published by University of Chicago Press. This book was released on 1995 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a witty explanation of why boredom both haunts and motivates the literary imagination. Moving from Samuel Johnson to Donald Barthelme, from Jane Austen to Anita Brookner, Spacks shows us at last how we arrived in a postmodern world where boredom is the all-encompassing name we give our discontent. Her book, anything but boring, gives us new insight into the cultural usefulness—and deep interest—of boredom as a state of mind.
Download or read book The Marginal Utility Theory in the United States of America written by Eduard Carel Frans Joseph Schröder and published by . This book was released on 1947 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Asset Pricing written by John H. Cochrane and published by Princeton University Press. This book was released on 2009-04-11 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the prestigious Paul A. Samuelson Award for scholarly writing on lifelong financial security, John Cochrane's Asset Pricing now appears in a revised edition that unifies and brings the science of asset pricing up to date for advanced students and professionals. Cochrane traces the pricing of all assets back to a single idea--price equals expected discounted payoff--that captures the macro-economic risks underlying each security's value. By using a single, stochastic discount factor rather than a separate set of tricks for each asset class, Cochrane builds a unified account of modern asset pricing. He presents applications to stocks, bonds, and options. Each model--consumption based, CAPM, multifactor, term structure, and option pricing--is derived as a different specification of the discounted factor. The discount factor framework also leads to a state-space geometry for mean-variance frontiers and asset pricing models. It puts payoffs in different states of nature on the axes rather than mean and variance of return, leading to a new and conveniently linear geometrical representation of asset pricing ideas. Cochrane approaches empirical work with the Generalized Method of Moments, which studies sample average prices and discounted payoffs to determine whether price does equal expected discounted payoff. He translates between the discount factor, GMM, and state-space language and the beta, mean-variance, and regression language common in empirical work and earlier theory. The book also includes a review of recent empirical work on return predictability, value and other puzzles in the cross section, and equity premium puzzles and their resolution. Written to be a summary for academics and professionals as well as a textbook, this book condenses and advances recent scholarship in financial economics.
