From Utilitarianism to Hedonism: Gossen, Jevons And Walras

Jan Van Daal

Journal of the History of Economic Thought, 1996, vol. 18, issue 2, 271-286

Abstract: Utilitarianism as conceived of in the present article is the philosophical movement that is roughly characterized by three main features: (1) during his lifetime a person maximizes his utility, which depends on his pleasure and his pain; (2) an individual's behavior should be based on a good education and guided by effective legislation; (3) society's ultimate purpose is the maximization of the aggregate happiness of all people.

Date: 1996
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