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Francis Ysidro Edgeworth (1845–1926)

In: The Palgrave Companion to Oxford Economics

Author

Listed:
  • John Creedy

    (Victoria University of Wellington)

Abstract

This chapter, after discussing Edgeworth’s association with Oxford and the nature of his approach to economics, examines his early work in moral philosophy, which is important in understanding his economics. Edgeworth’s contribution to the theory of exchange, involving his introduction of the contract curve and his eponymous ‘box diagram’, is then explained. This is shown to lead to his ‘social contract’ justification of utilitarianism. Edgeworth’s later work on monopoly, taxation and international trade is then discussed. His view of the central role of exchange in economics is stressed throughout.

Suggested Citation

  • John Creedy, 2021. "Francis Ysidro Edgeworth (1845–1926)," Springer Books, in: Robert A. Cord (ed.), The Palgrave Companion to Oxford Economics, edition 1, chapter 11, pages 257-282, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-58471-9_11
    DOI: 10.1007/978-3-030-58471-9_11
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