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Francis Ysidro Edgeworth (* 8. Februar 1845 in Edgeworthstown, County Longford, Irland; † 13. Februar 1926 in Oxford, Oxfordshire, England) war ein irischer Ökonom. Edgeworth vertrat die Idee der Progressivsteuer, die er – wie auch Arthur Cecil Pigou – mit dem sinkenden Grenznutzen des Einkommens begründete.
Francis Ysidro Edgeworth FBA (8 February 1845 – 13 February 1926) was an Anglo-Irish philosopher and political economist who made significant contributions to the methods of statistics during the 1880s. From 1891 onward, he was appointed the founding editor of The Economic Journal.
Francis Ysidro Edgeworth (born February 8, 1845, Edgeworthstown, County Longford, Ireland—died February 13, 1926, Oxford, Oxfordshire, England) was an Irish economist and statistician who innovatively applied mathematics to the fields of economics and statistics.
- Demand and Exchange
- Monopoly and Oligopoly
- The No-Profit Entrepreneur
- The Theory of Taxation
- International Trade
In the Principles of Economics(1890, Appendix F) Marshall included a brief discussion of Edgeworth’s analysis of barter, and produced a figure showing the contract curve. During the following year, in the course of a review written in Italian (translated in Edgeworth, 1925, ii, pp. 315–19), Edgeworth criticized Marshall for not having dealt suffici...
In a paper first published in Italian in 1897, and not translated until the collected Papers (1925), Edgeworth examined several problems relating to monopoly. He began his discussion with Cournot’s (1838) example of the ‘source minérale’ in which there are ‘two monopolists’ (that is, duopolists), each owning a spring of mineral water. It would be n...
Walras (1874, p. 225) had introduced the concept of the entrepreneur who neither gains nor loses. This result applied only to the competitive equilibrium, where there are no incentives for entrepreneurs to enter any industry. This does not of course mean that there are no profits, in the accounting sense, since the returns to homogeneous units of i...
In the 1890s Edgeworth produced two surveys of considerable importance. These surveys, of the pure theory of taxation and of the pure theory of international values, were both published in the Economic Journal and subsequently reproduced (with alterations) in his Papers(1925, vol. ii). Each survey consisted of three separate parts, and displayed a ...
Edgeworth’s survey of the pure theory of international values was in some ways responsible for a change of emphasis in the approach to trade theory, despite the fact that it contained few original analytical contributions. Indeed, he said that, ‘Mill’s exposition of the general theory is still unsurpassed’ (1925, p. 20), and acknowledged further th...
- John Creedy
17. Juni 2021 · Francis Ysidro Edgeworth was born in Edgeworthstown in County Longford, Ireland. His large family background is fascinating, and has been richly described by Barbé ( 2010 ). His grandfather was the energetic and colourful Richard Lovell Edgeworth, whose life was documented in a two-volume memoir by his eldest daughter, the famous ...
- John Creedy
- john.creedy@vuw.ac.nz
- 2006
Edgeworth, a professor at King’s College London, was a friend of Jevons'. His own contributions included the idea of the indifference curve and important insights into economic equilibrium, whilst he also made contributions to the earliest developments in mathematical statistics.
Francis Ysidro Edgeworth was born February 8, 1845, in Edgeworthstown, Longford, Ireland. Edgeworth is recognized as a brilliant and eccentric economist, statistician, and social philosopher. He is especially known for his development of mathematical models of rational behavior, which he used to build models of mutually beneficial trade. Born ...
