The Development of Utility Theory. I
@article{Stigler1950TheDO, title={The Development of Utility Theory. I}, author={G. Stigler}, journal={Journal of Political Economy}, year={1950}, volume={58}, pages={307 - 327} }
T HE history of economic thought can be studied with many purposes. One may trace the effects of contemporary economic and social conditions on economic theory orrather more bravely-the effects of economic theories on economic and social developments. One may study the history to find the original discoverers of theories, spurred on by the dream of new Cantillons; or one may compare the economics of the great economists with that of the rank and file, as a contribution to the structure and… CONTINUE READING
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