Measuring Utility

Discover the intriguing exploration of utility measurement in "Measuring Utility" by Ivan Moscati, published by Oxford University Press Inc in 2019. This insightful paperback spans 344 pages and delves into the evolution of economic decision-making theory since the marginal revolution of the 1870s. Moscati meticulously reconstructs the challenges faced by economists in their quest to measure utility, a concept that has long eluded precise quantification. From the foundational theories of the late 19th century to the dawn of behavioral economics in the mid-1980s, this book offers a comprehensive analysis of the intellectual struggles that have shaped our understanding of utility. Perfect for students, scholars, and anyone interested in the intersection of economics and psychology, "Measuring Utility" is a must-read for those looking to deepen their knowledge of economic theory and its historical context.