Edgeworth, Francis Ysidro

Edgeworth, Francis Ysidro

▪ Irish economist
original name  Ysidro Francis Edgeworth 
born February 8, 1845, Edgeworthstown, County Longford, Ireland
died February 13, 1926, Oxford, Oxfordshire, England

      Irish economist and statistician who innovatively applied mathematics to the fields of economics and statistics.

      Edgeworth was educated at Trinity College in Dublin and Balliol College, Oxford, graduating in 1869. In 1877 he qualified as a barrister. He lectured at King's College in London from 1880, becoming professor of political economy in 1888. From 1891 to 1922 he was Drummond Professor of Economics at Oxford. He also played an important role as editor of the Economic Journal (1891–1926).

      Although Edgeworth was strong in mathematics, he was weak at prose, and his publications failed to reach a popular audience. He had hoped to use mathematics to illuminate ethical questions, but his first work, New and Old Methods of Ethics (1877), depended so heavily on mathematical techniques—especially the calculus of variations—that the book may have deterred otherwise interested readers. His most famous work, Mathematical Psychics (1881), presented his new ideas on the generalized utility (utility and value) function, the indifference curve, and the contract curve, all of which have become standard devices of economic theory.

      Edgeworth contributed to the pure theory of international trade and to taxation and monopoly (monopoly and competition) theory. He also made important contributions to the theory of index numbers and to statistical theory, in particular to probability (probability theory), advocating the use of data from past experience as the basis for estimating future probabilities. John Kenneth Galbraith (Galbraith, John Kenneth) once remarked that “all races have produced notable economists, except the Irish.” Edgeworth is a strong counterexample to Galbraith's claim.

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Universalium. 2010.

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  • Francis Ysidro Edgeworth — (8 February 1845 ndash; 13 February 1926) made significant contributions to the methods of statistics during the 1880s. From 1891 onward he was the editor of a leading academic journal in economics and his own writings in economics were… …   Wikipedia

  • 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 …   Deutsch Wikipedia

  • Francis Ysidro Edgeworth — (8 février 1845 – 13 février 1926) était un économiste et avocat irlandais. Universitaire reconnu, il est titulaire de la chaire d Economie à Oxford de 1891 à 1922 , et assure la vice présidence de la Royal Economic Society. Il fait partie des… …   Wikipédia en Français

  • Francis Edgeworth — Francis Ysidro Edgeworth 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… …   Deutsch Wikipedia

  • Francis Y. Edgeworth — Francis Ysidro Edgeworth 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… …   Deutsch Wikipedia

  • Francis Edgeworth — Francis Ysidro Edgeworth Francis Ysidro Edgeworth Francis Ysidro Edgeworth (8 février 1845 – 13 février 1926) était un économiste et avocat irlandais. Il fait partie des plus importants représentants de l École néoclassique. Il est notamment l… …   Wikipédia en Français

  • Francis Edgeworth — Saltar a navegación, búsqueda Francis Edgeworth Francis Ysidro Edgeworth (8 de febrero de 1845 13 de febrero de 1926). Hijo de padre irlandés y madre española, fue un economista y estadístico británico nacido en Longford y fallecido en …   Wikipedia Español

  • EDGEWORTH (F. Y.) — EDGEWORTH FRANCIS YSIDRO (1845 1926) Économiste anglais, dont on a pu dire qu’il n’a pas laissé d’œuvre «complète et coordonnée», Edgeworth n’a eu que peu d’influence sur la pensée économique de son époque. Pourtant, bien des auteurs… …   Encyclopédie Universelle

  • Edgeworth-Steuerparadox — Das Edgeworth Steuerparadoxon wurde im Jahre 1897 erstmals von Francis Ysidro Edgeworth beschrieben, der Beweis wurde später durch Harold Hotelling geführt. Die Bezeichnung als Paradoxon rührt von einer kontraintuitiven Entwicklung der… …   Deutsch Wikipedia

  • Edgeworth's limit theorem — is an economic theorem created by Francis Ysidro Edgeworth that examines a range of possible outcomes which may result from free market exchange or barter between groups of people. It shows that while the precise location of the final settlement… …   Wikipedia

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