Francis Ysidro Edgeworth (1845–1926)

John Creedy

Chapter 11 in The Palgrave Companion to Oxford Economics, 2021, pp 257-282 from Springer

Abstract: Abstract This chapter, after discussing Edgeworth’s association with Oxford and the nature of his approach to economics, examines his early work in moral philosophy, which is important in understanding his economics. Edgeworth’s contribution to the theory of exchange, involving his introduction of the contract curve and his eponymous ‘box diagram’, is then explained. This is shown to lead to his ‘social contract’ justification of utilitarianism. Edgeworth’s later work on monopoly, taxation and international trade is then discussed. His view of the central role of exchange in economics is stressed throughout.

Keywords: Indifference curves; Contract curve; Utilitarianism; International values; Taxation; Monopoly; Box diagram; Arbitration (search for similar items in EconPapers)
Date: 2021
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Chapter: Francis Ysidro Edgeworth (1845–1926) (2016)
Working Paper: Francis Ysidro Edgeworth 1845-1926 (2006)
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DOI: 10.1007/978-3-030-58471-9_11

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