Mises InstituteOpinion

The Futility of Utility

Mainstream economics is obsessed with “maximizing” so-called utility functions and discovering the ubiquitous “social utility ...
JSTOR Daily

Expected Subjective Utility: Is the Neumann-Morgenstern Utility the Same as the Neoclassical's?

This is a preview. Log in through your library . Abstract Using axioms no stronger than those for the Neumann-Morgenstern expected utility hypothesis, with the recognition of finite sensibility, it is ...
Harvard Business School

A Theorem on the Identifiability of the von Neumann-Morgenstern Utility Function from Asset Demands

Green, Jerry R., Lawrence J. Lau, and Heraklis Polemarchakis. "A Theorem on the Identifiability of the von Neumann-Morgenstern Utility Function from Asset Demands." Economics Letters 1, no. 3 (1978): ...
JSTOR Daily

An Analysis of the Evolution of the Human Development Index with Special Reference to Its Income Component

The author has reviewed methodology followed by the UNDP's Human Development Reports from beginning till the latest Report particularly with reference to its treatment given to income component in the ...