utility
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by
Steven
N.
Durlauf
and
Lawrence
E.
Blume
Alternate versions available:
1987 Edition
Keywords
cardinal utility; classical theory of value; consumer surplus; cost of production; demand; diminishing marginal utility; Dupuit, A.-J.-E.J.; Edgeworth, F. Y.; exchange; exchange value; Gossen, H. H.; Hicks, J. R.; interpersonal utility comparisons; Jevons, W. S.; marginal revolution; marginal utility; market price; Marshall, A.; Menger, C.; natural price; ordinal utility; Pareto, V.; Pigou, A. C.; price theory; revealed preference theory; use value; utility; value; Walras, L.
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How to cite this article
Black, R.D. Collison. "utility." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 28 October 2017 <http://www.dictionaryofeconomics.com/article?id=pde2008_U000047> doi:10.1057/9780230226203.1781