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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_v1, Center for Open Science.
    • Handle: RePEc:osf:socarx:vmzua_v1
    DOI: 10.31219/osf.io/vmzua_v1
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    References listed on IDEAS

    as
    1. 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.
    2. 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.
    3. David Colander, 2007. "Edgeworth's Hedonimeter and the Quest to Measure Utility," Middlebury College Working Paper Series 0723, Middlebury College, Department of Economics.
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