Total Utility And the Economic Judgment Compared With Their Ethical Counterparts
The book Total Utility And the Economic Judgment Compared With Their Ethical Counterparts was written by author Marion Parris Here you can read free online of Total Utility And the Economic Judgment Compared With Their Ethical Counterparts book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Total Utility And the Economic Judgment Compared With Their Ethical Counterparts a good or bad book?
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The subjective world of want, feeUng and will are intensities. They may indeed be arranged according to greater 78 TOTAL UTILITY AND THE ECONOMIC JUDGMENT. or less intensity, as we shall see later, but they can never be measured; first because they always appear successively in con- sciousness, never simultaneously, and therefore do not admit of direct comparison : and secondly, because a unit of measure for a psychic activity is lacking. The use of the pure mathematical method then, in express...ing economic relations is valid only for concise expression; to "help a person write down quickly, shortly and exactly some of his own thoughts for his own use. " As it uses symbols to express rela- tions existing between incommensurable factors, it is highly use- ful for testing logical hypotheses and verifying logical conclu- sions. But it is extremely doubtful whether such a method can ever add new facts concerning economic relations. It certainly could, were both sides of the equation commensurable, could human desire be measured by some unit analogous to units of physical measurement.
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