The paper illustrates the methodological and analytical issues that characterised, as well as the personal and institutional aspects that informed the discussions leading to the definition of the current notion of cardinal utility as utility unique up to positive linear transformations. As originally this type of utility was not called 'cardinal', the paper also investigates the terminological question of when and how the expression 'cardinal' was coupled with positive linear transformations. In opposition to existing narratives, the paper shows that cardinal utility entered economic analysis between 1909 and 1944, that is, during the ordinal revolution in utility theory.

How cardinal utility entered economic analysis: 1909–1944

MOSCATI, IVAN
2013-01-01

Abstract

The paper illustrates the methodological and analytical issues that characterised, as well as the personal and institutional aspects that informed the discussions leading to the definition of the current notion of cardinal utility as utility unique up to positive linear transformations. As originally this type of utility was not called 'cardinal', the paper also investigates the terminological question of when and how the expression 'cardinal' was coupled with positive linear transformations. In opposition to existing narratives, the paper shows that cardinal utility entered economic analysis between 1909 and 1944, that is, during the ordinal revolution in utility theory.
2013
Cardinal utility; differences of utility; ordinal revolution; Paul Samuelson; ranking of transitions
Moscati, Ivan
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11383/1836120
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