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The basis of financial arithmetic from the viewpoint of utility theory

Piasecki, Krzysztof - In: Operations Research and Decisions 3 (2012), pp. 37-53

financial flow utility concept. This utility function is defined as linear extension of multicriteria comparison determined by … the time preference and the capital preference. Then the present value is equal to financial flow utility. Therefore, the … law of diminishing marginal wealth utility has been considered as additional feature of the present value. The future …

Persistent link: https://www.econbiz.de/10011131895

The basis of financial arithmetic from the viewpoint of utility theory

Piasecki, Krzysztof - In: Operations Research and Decisions 22 (2012)

Persistent link: https://www.econbiz.de/10010684380

The basis of financial arithmetic from the viewpoint of utility theory

Piasecki, Krzysztof - In: Operations Research and Decisions 3 (2012)

Persistent link: https://www.econbiz.de/10010684999

The sceptic as an economist's philosopher? Humean utility as a positive principle

Sturn, Richard - In: The European Journal of the History of Economic Thought 11 (2004) 3, pp. 345-375

. It is argued that the way in which Hume employed 'utility as a positive principle' (most notably in his 'experimental …

Persistent link: https://www.econbiz.de/10005505329

Renaissance Cicero. The 'economic' virtues of >emph type="2">De Officiis>/emph> I, 22 in some sixteenth century commentaries

Vivenza, Gloria - In: The European Journal of the History of Economic Thought 11 (2004) 4, pp. 507-523

The article concentrates on some commentaries on Cicero's passage of De Officiis I: 22. Extolling the solidarity of human society, Cicero stresses its utilitarian aspects, illustrating the common bond of mutual advantage provided by collaboration and exchange of goods and services. The Italian...

Persistent link: https://www.econbiz.de/10005505364

Ricardo and the Utilitarians

Cremaschi, Sergio - In: The European Journal of the History of Economic Thought 11 (2004) 3, pp. 377-403

The paper discusses Ricardo's relationship to Mill and Bentham. It discusses first the origins of the myth of Ricardo's dependence from Bentham through Mill, and Halevy's contribution to the freezing of such a myth. The paper reconstructs what were their shared political commitments and...

Persistent link: https://www.econbiz.de/10005505372

Should National Happiness be Maximized?

Frey, Bruno S.; Stutzer, Alois - Center for Research in Economics, Management and the … - 2006

Cross-disciplinary ?happiness research? has made big progress in the measurement of individual welfare. This development makes it tempting to pursue the old dream of maximizing aggregate happiness as a social welfare function. However, we postulate that the appropriate approach is not to...

Persistent link: https://www.econbiz.de/10005536939

Perspectives on Efficiency in Transportation

Levinson, David - Networks, Economics and Urban Systems Research Group … - 2003

This paper considers the engineer's, economist's, manager's, and planner's perspectives on effectiveness for transportation respectively. This paper examines both the measures used in each perspective, weighs their advantages and disadvantages for various purposes. The first section summarizes...

Persistent link: https://www.econbiz.de/10005543311

John Stuart Mill's Theories of Wealth and Income Distribution

Jensen, Hans - In: Review of Social Economy 59 (2001) 4, pp. 491-507

Although he was much influenced by David Ricardo when he wrote the classical part of his Principles , John Stuart Mill was not a Ricardian when he penned his theories of wealth and distribution. They are based on a triple foundation. First, a belief that economics is a moral discipline. Second a...

Persistent link: https://www.econbiz.de/10005483107

Will Flexible Learning Raise Student Achievement?

Guest, Ross - In: Education Economics 13 (2005) 3, pp. 287-297

This paper presents both theoretical and survey evidence on the effect of flexible learning—in particular, the shift to a more student-centred approach to learning—on academic achievement by students. A survey was conducted of 577 business students at a major Australian university in order...

Persistent link: https://www.econbiz.de/10005491381