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Irving Fisher, Ragnar Frisch and the Elusive Quest for Measurable Utility

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  • Dimand, Robert W.

Abstract

Commitment to the behaviorist approach to utility theory, to the usefulness of mathematics in economic analysis and to equalization of the marginal utility of income as a principle of just taxation brought Irving Fisher and Ragnar Frisch to attempt to measure the marginal utility of income and led them to collaborate in forming the Econometric Society and sponsoring the establishment of the Cowles Commission, institutions advancing economic theory in connection to mathematics and statistics and led Frisch to pioneer an axiomatic approach to utility and microeconomic theory.

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  • Dimand, Robert W., 2023. "Irving Fisher, Ragnar Frisch and the Elusive Quest for Measurable Utility," SocArXiv vmzua, Center for Open Science.
    • Handle: RePEc:osf:socarx:vmzua
    DOI: 10.31219/osf.io/vmzua
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    References listed on IDEAS

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    1. Dupont-Kieffer, Ariane, 2013. "Mesure de l’utilité marginale et indice de prix chez Ragnar Frisch Le difficile mariage de la théorie économique et des instruments statistiques," OEconomia, Editions NecPlus, vol. 2013(01), pages 23-57, March.
    2. David Colander, 2007. "Edgeworth's Hedonimeter and the Quest to Measure Utility," Middlebury College Working Paper Series 0723, Middlebury College, Department of Economics.
    3. Fisher, Irving, 1918. "Is "Utility" the Most Suitable Term for the Concept It is Used to Denote?," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 8, pages 335-337.
    4. Robert Dimand & Robert Koehn, 2002. "From edgeworth to fisher to vickrey: A comment on Michael J. Boskin's Vickrey lecture," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 30(2), pages 205-208, June.
    5. David Colander, 2007. "Retrospectives: Edgeworth's Hedonimeter and the Quest to Measure Utility," Journal of Economic Perspectives, American Economic Association, vol. 21(2), pages 215-226, Spring.
    6. Bjerkholt, Olav, 2017. "On The Founding Of The Econometric Society," Journal of the History of Economic Thought, Cambridge University Press, vol. 39(2), pages 175-198, June.
    7. Vilfredo Pareto, 2008. "Summary of Some Chapters of a New Treatise on Pure Economics by Professor Pareto," Giornale degli Economisti, GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 67(3), pages 453-504, December.
    8. Stephen Brown & William Goetzmann & Alok Kumar, 1998. "The Dow Theory: William Peter Hamilton's Track Record Re-Considered," Yale School of Management Working Papers ysm85, Yale School of Management, revised 01 Apr 2008.
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