From ethics to economics:F.Y. Edgeworth, 1845–1926

Family and early years   Ysidro Francis Edgeworth’s grandfather, Richard, was a utilitarian, following the philosopher Bentham in believing that sensory pleasure and pain are everything and that morally correct actions maximise a population’s happiness, defined as aggregate pleasure minus pain. The moral code should be deduced from this maximisation principle and not from ‘truths’ ... Read more

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