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The Cardinal Attributes of Utility in Pareto's 'Sunto': A Critical Note on Some Recent Research

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  • Michael McLure

    (UWA Business School, The University of Western Australia)

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    Abstract

    The purpose of this critical note is to contest the recent interpretation of the choicepreference approach of the “Sunto” by drawing attention to its cardinal restrictions and by highlighting the continuity in Pareto approach to utility theory between the “Sunto”, the 1906 Manuale di Economic Politica, and beyond.

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    File URL: http://www.biz.uwa.edu.au/home/research/discussionworking_papers/economics/2003?f=151049
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    Bibliographic Info

    Paper provided by The University of Western Australia, Department of Economics in its series Economics Discussion / Working Papers with number 03-01.

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    Length: 14 pages
    Date of creation: 2003
    Date of revision:
    Handle: RePEc:uwa:wpaper:03-01

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    Keywords: Pareto; Sunto; utility theory;

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    1. Samuelson, Paul A, 1974. "Complementarity-An Essay on the 40th Anniversary of the Hicks-Allen Revolution in Demand Theory," Journal of Economic Literature, American Economic Association, vol. 12(4), pages 1255-89, December.
    2. Christian E. Weber, 2001. "Pareto and the 53 Percent Ordinal Theory of Utility," History of Political Economy, Duke University Press, vol. 33(3), pages 541-576, Fall.
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