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Societies for the History of Economics <[log in to unmask]>
Subject:
Re: SHOE: QUERY--Diminishing marginal utility
From:
Samuel Bostaph <[log in to unmask]>
Date:
Sun, 8 Nov 2009 20:07:28 -0500
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Societies for the History of Economics <[log in to unmask]>
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So far as a formal presentation is concerned, Henry Spiegel [The 
Growth of Economic Thought. Duke U. Press, 1991] finds the earliest 
MU presentation in Daniel Bernoulli's 1738 treatment of the St. 
Petersburg Paradox. An english translation by Louise Sommer is 
available as "Exposition of a New Theory on the Measurement of Risk," 
Econometrica, Vol. 22, No. 1 (January 1954), 23-36.

Samuel Bostaph

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