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Utility, the Paradox of Value and ‘all that’ and Classical Economics

In: Studies in the History of Economic Theory before 1870

Author

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  • Marian Bowley

    (University of London)

Abstract

Since I wrote Nassau Senior and Classical Economics more than thirty years ago, I have altered in various ways my views both about the development of utility theory in the first half of the nineteenth century, and about the views and influence of Adam Smith. This is because I have learnt a little more about Adam Smith’s predecessors and contemporaries and about the classical period itself. In this essay I have tried to set out what now seems to me to be a more correct interpretation of the history of utility theory from Adam Smith to Dupuit in certain respects.

Suggested Citation

  • Marian Bowley, 1973. "Utility, the Paradox of Value and ‘all that’ and Classical Economics," Palgrave Macmillan Books, in: Studies in the History of Economic Theory before 1870, chapter 0, pages 133-157, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-01874-1_4
    DOI: 10.1007/978-1-349-01874-1_4
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