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Reply to Brems

Published online by Cambridge University Press:  11 June 2009

Christian E. Weber
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Extract

My response to Brems's comment on my paper is, I hope, obvious and straightforward.

First, it should be noted that in his section II, Brems is correct with one important exception. He is correct to note that the particular additive utility function in his equation (1) is not Cobb-Douglas. However, this correct conclusion does not imply, as Brems appears to believe it does, that it is impossible to write down an additive utility function which would generate the same indifference map, first-order conditions, and demand functions as a multiplicative Cobb-Douglas utility function

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Articles
Information
Journal of the History of Economic Thought , Volume 20 , Issue 2 , June 1998 , pp. 213 - 214
Copyright
Copyright © Cambridge University Press 1998

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References

REFERENCES

Pareto, Vilfredo. 1900. “Sunto di alcuni capitoli di un nuovo trattato di economia pura,” Part II, Giornale degli Economisti, 20, 06, 511–49.Google Scholar
Samuelson, Paul A. 1947. Foundations of Economic Analysis, Harvard University Press, Cambridge.Google Scholar