IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-58471-9_11.html
   My bibliography  Save this book chapter

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
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Sargan, J D, 1976. "Econometric Estimators and the Edgeworth Approximation," Econometrica, Econometric Society, vol. 44(3), pages 421-448, May.
    2. Creedy, John, 1994. "Exchange Equilibria: Bargaining, Utilitarian and Competitive Solutions," Australian Economic Papers, Wiley Blackwell, vol. 33(62), pages 34-52, June.
    3. Creedy, John, 1994. "Launhardt's Model of Exchange," Journal of the History of Economic Thought, Cambridge University Press, vol. 16(1), pages 40-60, April.
    4. Creedy, John, 1990. "Marshall and Edgeworth," Scottish Journal of Political Economy, Scottish Economic Society, vol. 37(1), pages 18-39, February.
    5. John C. Harsanyi, 1953. "Cardinal Utility in Welfare Economics and in the Theory of Risk-taking," Journal of Political Economy, University of Chicago Press, vol. 61(5), pages 434-434.
    6. John C. Harsanyi, 1955. "Cardinal Welfare, Individualistic Ethics, and Interpersonal Comparisons of Utility," Journal of Political Economy, University of Chicago Press, vol. 63(4), pages 309-309.
    7. repec:bla:scandj:v:90:y:1988:i:1:p:101-12 is not listed on IDEAS
    8. Harold Hotelling, 1932. "Edgeworth's Taxation Paradox and the Nature of Demand and Supply Functions," Journal of Political Economy, University of Chicago Press, vol. 40(5), pages 577-577.
    9. William Vickrey, 1960. "Utility, Strategy, and Social Decision Rules," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 74(4), pages 507-535.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kolm, Serge-Christophe, 1998. "Chance and justice: Social policies and the Harsanyi-Vickrey-Rawls problem," European Economic Review, Elsevier, vol. 42(8), pages 1393-1416, September.
    2. Claude Hillinger, 2005. "The Case for Utilitarian Voting," Homo Oeconomicus, Institute of SocioEconomics, vol. 23, pages 295-321.
    3. John A. Weymark, 2011. "On Kolm’s Use of Epistemic Counterfactuals in Social Choice Theory," Studies in Choice and Welfare, in: Marc Fleurbaey & Maurice Salles & John A. Weymark (ed.), Social Ethics and Normative Economics, pages 279-301, Springer.
    4. Traub, Stefan & Seidl, Christian & Schmidt, Ulrich, 2003. "Lorenz, Pareto, Pigou: Who Scores Best? Experimental Evidence on Dominance Relations of Income Distributions," Economics Working Papers 2003-04, Christian-Albrechts-University of Kiel, Department of Economics.
    5. Graciela Chichilnisky & Peter J. Hammond & Nicholas Stern, 2020. "Fundamental utilitarianism and intergenerational equity with extinction discounting," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 54(2), pages 397-427, March.
    6. Giampaolo Garzarelli & Lyndal Keeton & Aldo A. Sitoe, 2022. "Rights redistribution and COVID-19 lockdown policy," European Journal of Law and Economics, Springer, vol. 54(1), pages 5-36, August.
    7. Traub, Stefan & Seidl, Christian & Schmidt, Ulrich & Levati, Maria Vittoria, 2003. "Friedman, Harsanyi, Rawls, Boulding - or Somebody Else?," Economics Working Papers 2003-03, Christian-Albrechts-University of Kiel, Department of Economics.
    8. Traub, Stefan & Seidl, Christian & Schmidt, Ulrich, 2009. "An experimental study on individual choice, social welfare, and social preferences," European Economic Review, Elsevier, vol. 53(4), pages 385-400, May.
    9. Kotaro Suzumura, 2002. "Introduction to social choice and welfare," Temi di discussione (Economic working papers) 442, Bank of Italy, Economic Research and International Relations Area.
    10. Juan Carlos Cordoba & Genevieve Verdier, 2005. "Lucas vs. Lucas: On Inequality and Growth," Macroeconomics 0511021, University Library of Munich, Germany.
    11. Stefan Traub & Christian Seidl & Ulrich Schmidt & Maria Levati, 2005. "Friedman, Harsanyi, Rawls, Boulding – or somebody else? An experimental investigation of distributive justice," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 24(2), pages 283-309, April.
    12. Picavet, Emmanuel, 2009. "Opportunities and pitfalls for ethical analysis in operations research and the management sciences," Omega, Elsevier, vol. 37(6), pages 1121-1131, December.
    13. Seidl, Christian & Camacho Cuena, Eva & Morone, Andrea, 2003. "Income Distributions versus Lotteries Happiness, Response-Mode Effects, and Preference," Economics Working Papers 2003-01, Christian-Albrechts-University of Kiel, Department of Economics.
    14. İbrahim Erdem SEÇİLMİŞ, 2014. "Seniority: A Blessing or A Curse? The Effect of Economics Training on the Perception of Distributive Justice," Sosyoekonomi Journal, Sosyoekonomi Society, issue 22(22).
    15. Antoinette Baujard, 2016. "Utilitarianism and anti-utilitarianism," Chapters, in: Gilbert Faccarello & Heinz D. Kurz (ed.), Handbook on the History of Economic Analysis Volume III, chapter 40, pages 576-588, Edward Elgar Publishing.
    16. Elodie Brahic & Jean-Michel Salles, 2008. "La question de l’équité dans l’allocation initiale des permis d’émission dans le cadre des politiques de prévention du changement climatique : Une étude quasi-expérimentale," Working Papers 08-11, LAMETA, Universtiy of Montpellier, revised Jul 2008.
    17. Omer F. Baris, 2018. "Timing effect in bargaining and ex ante efficiency of the relative utilitarian solution," Theory and Decision, Springer, vol. 84(4), pages 547-556, June.
    18. Che-Yuan Liang, 2017. "Optimal inequality behind the veil of ignorance," Theory and Decision, Springer, vol. 83(3), pages 431-455, October.
    19. Boonen, Tim J., 2019. "Equilibrium recoveries in insurance markets with limited liability," Journal of Mathematical Economics, Elsevier, vol. 85(C), pages 38-45.
    20. Asheim, Geir B. & Zuber, Stéphane, 2016. "Evaluating intergenerational risks," Journal of Mathematical Economics, Elsevier, vol. 65(C), pages 104-117.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-58471-9_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.