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Utility Curves, Total Utility, and Consumer's Surplus

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  • Harry E. Miller

Abstract

Introduction, 292. — The concept of total utility, 293. — Relativity of utility to rates of consumption, 294. — Ambiguity of the word utility: potential utility and satisfaction actually enjoyed, 295. — Intra-marginal surpluses of utility from sporadic and intermittent consumption, 296. — Conclusion, 298. Recognized difficulties of dealing quantitatively, by means of demand schedules, with the subjective background of economic phenomena, 303. — Relativity of demand schedules to rates of consumption, 304. — Doctrines of consumer's surplus: (a) Bargain purchases of intra-marginal utility, 308; (b) The addition to one's total utility that attends a decline in price, 311; (c) Life's excess of utility over the disutility of earning a living, 313. — Résumé, 315.

Suggested Citation

  • Harry E. Miller, 1927. "Utility Curves, Total Utility, and Consumer's Surplus," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 41(2), pages 292-316.
    • Handle: RePEc:oup:qjecon:v:41:y:1927:i:2:p:292-316.
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