Edgeworth on the foundations of ethics and probability
AbstractThe paper analyses the foundation of utilitarian ethics and theory of probability in the works of Francis Y. Edgeworth. It is argued that he pursued a unitary philosophical project: the search for a common epistemological foundation for the social sciences. Their common root is the idea of 'hereditary experience' derived from Herbert Spencer's work. This idea justified Edgeworth's adoption of the notion of the man as a 'pleasure machine', which was necessary to solve the maximization problems in ethics and economics; and the enlargement of the frequentist definition of probability, necessary for the development of his statistical theory.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal The European Journal of the History of Economic Thought.
Volume (Year): 14 (2007)
Issue (Month): 1 ()
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Other versions of this item:
- Alberto Baccini, 2004. "Edgeworth on the Foundations of Ethics and Probability," Department of Economics University of Siena 427, Department of Economics, University of Siena.
- B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Stockholm School)
- B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
- B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Alberto Baccini, 2004. "High pressure and black clouds: Keynes and the frequentist theory of probability," Cambridge Journal of Economics, Oxford University Press, vol. 28(5), pages 653-666, September.
- Drakopoulos, Stavros A., 2014. "Mathematical Psychics and Hydraulics: The Methodological Influence of Edgeworth and Fisher," MPRA Paper 52981, University Library of Munich, Germany.
- Tomoyuki Uemiya, 2008. "F.Y. Edgeworth’s Mathematical Psychics and his Utilitarianism: The Derivation from the ‘Sidgwick-Barratt Controversy’," Discussion Paper Series 37, School of Economics, Kwansei Gakuin University, revised Mar 2008.
- Drakopoulos, Stavros A. & Katselidis, Ioannis, 2013. "From Edgeworth to Econophysics: A Methodological Perspective," MPRA Paper 46975, University Library of Munich, Germany.
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