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Date:
Fri Mar 31 17:18:43 2006
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From:
[log in to unmask] (Robin Neill)
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----------------- HES POSTING ----------------- 
Colleagues: 
 
This discussion continues to puzzle me. Correct me if I am wrong in the 
following. 
 
Economics advanced when it was generally admitted that utility was 
subjective, that it could only be measured ordinally, that there was no 
cardinal measure for utility, and that, therefore interprersonal 
comparisons with respect to utility were impossible. In short, there is no 
objective standard "util" that can be added up to get a measure of "total 
utility". 
 
Robin Neill 
 
 
 
 
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