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Comment on Weber: Did Pareto Have a Cobb–Douglas Utility Function?

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  • Brems, Hans

Abstract

In Christian Weber's opinion in the preceding article in this journal, although Vilfredo Pareto never wrote his utility function in the Cobb-Douglas form U = rβbrγc, he did present an early, if incomplete, discussion of a Cobb-Douglas utility function. Weber's sections II and III try to document his opinion.Weber's section II examines Pareto's “Considerazioni†(1892) on the assumption that the marginal utility πi, of good i depends only on the level ri, of consumption of that good. Section III examines Pareto's Manual (1909) on the assumption of “additive separable†utility functions.

Suggested Citation

  • Brems, Hans, 1998. "Comment on Weber: Did Pareto Have a Cobb–Douglas Utility Function?," Journal of the History of Economic Thought, Cambridge University Press, vol. 20(2), pages 211-212, June.
    • Handle: RePEc:cup:jhisec:v:20:y:1998:i:02:p:211-212_00
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