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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)

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.

Suggested Citation

  • Michael McLure, 2003. "The Cardinal Attributes of Utility in Pareto's 'Sunto': A Critical Note on Some Recent Research," Economics Discussion / Working Papers 03-01, The University of Western Australia, Department of Economics.
    • Handle: RePEc:uwa:wpaper:03-01
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    File URL: https://ecompapers.biz.uwa.edu.au/paper/PDF%20of%20Discussion%20Papers/2003/03_01_McLure.pdf
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    References listed on IDEAS

    as
    1. Luigino Bruni, 2002. "Vilfredo Pareto and the Birth of Modern Microeconomics," Books, Edward Elgar Publishing, number 2238.
    2. George J. Stigler, 1950. "The Development of Utility Theory. II," Journal of Political Economy, University of Chicago Press, vol. 58, pages 373-373.
    3. 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.
    4. 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 1255-1289, December.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Pareto; Sunto; utility theory;
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