Abstract
Edgeworth was a major figure in the development of neoclassical economics, and one of its most original theorists, making a wide range of lasting contributions. After describing his approach to economics, this article discusses his early work in moral philosophy, which had a strong influence on his economics. His important contribution to the theory of exchange, focusing on indeterminacy and the role of the number of traders, is examined. His later work on monopoly, international trade and taxation are then briefly discussed.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Bickerdike, C. 1906. The theory of incipient taxes. Economic Journal 16: 529–535.
Black, R., ed. 1977. Papers and correspondence of William Stanley Jevons. London: Macmillan, for the Royal Economic Society.
Black, R., ed. 1981. Papers and correspondence of William Stanley Jevons, Papers on political economy. Vol. VII. London: Macmillan, for the Royal Economic Society.
Bowley, A. 1924. The mathematical groundwork of economics. Oxford: Clarendon Press.
Bowley, A. 1928. Edgeworth’s contribution to mathematical statistics. London: Royal Statistical Society.
Bowley, A. 1934. Francis Ysidro Edgeworth. Econometrica 1: 113–124.
Butler, J., and H. Butler. 1927. The Black Book of Edgeworthtown and other Edgeworth Memories 1585–1817. London: Faber and Gwyer.
Cournot, A. 1838. Researches into the mathematical principles of the theory of wealth, trans. N. Bacon, ed. I. Fisher. London: Stechert-Hafner, 1927.
Creedy, J. 1986. Edgeworth and the development of neoclassical economics. Oxford: Basil Blackwell.
Creedy, J. 1988. Wicksell on Edgeworth’s tax paradox. Scandinavian Journal of Economics 90: 101–112.
Creedy, J. 1990. Marshall and Edgeworth. Scottish Journal of Political Economy 37: 18–39.
Creedy, J. 1994a. Exchange equilibria: Bargaining, utilitarian and competitive solutions. Australian Economic Papers 33: 34–52.
Creedy, J. 1994b. Launhardt’s model of exchange. Journal of the History of Economic Thought 16: 40–60.
Edgeworth, M. 1820. Memories of Richard Lovell Edgeworth Esq., begun by himself and concluded by his daughter, Maria Edgeworth, 2 vols. London: Hunter.
Harsanyi, J. 1953. Cardinal utility in welfare economics and in the theory of risk taking. Journal of Political Economy 61: 434–435.
Harsanyi, J. 1955. Cardinal welfare, individualistic ethics, and interpersonal comparisons of utility. Journal of Political Economy 63: 309–321.
Hicks, J., and R. Allen. 1934. A reconsideration of the theory of value. Economica 14 (52–76): 196–219.
Hotelling, H. 1932. Edgeworth’s taxation paradox and the nature of demand and supply functions. Journal of Political Economy 40: 577–616.
Jenkin, F. 1871. On the principles which regulate the incidence of taxes. Reproduced in Readings in the economics of taxation, ed. R. Musgrave and C. Shoup. London: Allen and Unwin, 1959.
Jevons, W. 1871. The theory of political economy. 5th ed., ed. H. Jevons. New York: Augustus Kelly, 1957.
Jevons, W. 1881. Review of Mathematical Psychics. Mind 6: 581–583.
Johnson, W. 1913. The pure theory of utility curves. Economic Journal 23: 483–513.
Keynes, J.M. 1972. Essays in biography. Vol. X of the collected writings of Keynes. London: Macmillan, for the Royal Economic Society.
Marshall, A. 1890. Principles of economics, ed. C. Guillebaud, 2 vols. (variorum ed.). London: Macmillan, 1961.
Marshall, A., and M. Marshall. 1879. Economics of industry. London: Macmillan.
McCann, C. 1996. F.Y. Edgeworth: Writings in probability, statistics and economics, 3 vols. Cheltenham: Edward Elgar.
Mill, J.S. 1848. Principles of political economy. Reprinted with editorial material by W. Ashley. London: Longmans, Green, 1920.
Pigou, A. 1908. Protective and preferential import duties. London: Macmillan.
Pigou, A., ed. 1925. Memorials of Alfred Marshall 1842–1924. London: Macmillan.
Pigou, A., and D. Robertson. 1931. Economic essays and addresses. London: King.
Price, L. 1946. Memoirs and notes on British economists 1881–1946. MSS, Brotherton Library, University of Leeds.
Sargan, J. 1976. Econometric estimators and the Edgeworth expansion. Econometrica 44: 421–448.
Schumpeter, J. 1954. History of economic analysis. London: Allen and Unwin.
Stigler, S. 1978. Francis Ysidro Edgeworth, statistician. Journal of the Royal Statistical Society, A 141: 287–322.
Sully, J. 1918. My life and friends. London: Fisher Unwin.
Vickrey, W. 1960. Utility, strategy and social decision rules. Quarterly Journal of Economics 74: 507–535.
Walras, L. 1874. Elements of pure economics. Trans. W. Jaffe. London: Allen and Unwin, 1954.
Whitaker, J., ed. 1975. The early economic writings of Alfred Marshall 1867–1890. London: Macmillan.
Acknowledgment
I am grateful to Denis O’Brien and Steven Durlauf for comments on an earlier draft of this article.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Creedy, J. (2018). Edgeworth, Francis Ysidro (1845–1926). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_598
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_598
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences