The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Final Utility

  • P. H. Wicksteed
Reference work entry


The principles and methods embodied in Jevons’s doctrine of ‘final utility’ have received farreaching developments in recent years. Hence a movement has arisen, variously described as ‘psychological’ or ‘marginalist’, which aims at unifying and simplifying economic theory, and at the same time affiliating its laws more closely to the principles that regulate human conduct in general.

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • P. H. Wicksteed
    • 1
  1. 1.