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Nicholas Georgescu-Roegen edited the English translation of Hermann Heinrich Gossen’s 1854 book The Laws of Human Relations and wrote a lengthy introduction to it. His highly appreciative, thoroughly documented study has become a major reference on an otherwise little-known early writer. It...
Persistent link: https://www.econbiz.de/10010743433
Persistent link: https://www.econbiz.de/10010569560
This article argues that the canonical dichotomy between cardinal utility and ordinal utility is inadequate to tell an accurate 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...
Persistent link: https://www.econbiz.de/10010693420