cardinal utility theory

GPTKB entity

Statements (19)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:appliesTo consumer choice
gptkbp:associatedWith gptkb:Alfred_Marshall
gptkb:William_Stanley_Jevons
gptkb:Carl_Menger
gptkbp:assumes utility can be expressed in numbers
utility is measurable
gptkbp:contrastsWith gptkb:ordinal_utility_theory
gptkbp:criticizedFor lack of empirical measurability
gptkbp:describes utility measurement
gptkbp:enables interpersonal utility comparisons
gptkbp:field microeconomics
https://www.w3.org/2000/01/rdf-schema#label cardinal utility theory
gptkbp:implies marginal utility can be calculated
gptkbp:originatedIn 19th century
gptkbp:replacedBy gptkb:ordinal_utility_theory
gptkbp:usedBy early neoclassical economists
gptkbp:bfsParent gptkb:ordinal_utility_theory
gptkbp:bfsLayer 6