The Development of Utility Theory. I

  title={The Development of Utility Theory. I},
  author={George Joseph Stigler},
  journal={Journal of Political Economy},
  pages={307 - 327}
  • G. Stigler
  • Published 1 August 1950
  • Economics
  • Journal of Political Economy
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… 

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