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L’école autrichienne en Ukraine. La théorie de l’utilité marginale d’E. Slutsky (à partir d’archives inédites)

Abstract : The features of Marginalism pervaded Ukrainian economic thought as early as the late 19th and early 20th century in the version of the Austrian school of economics and through the theory of marginal utility developed by world-famous Ukrainian economist and mathematician Yevgen Slutsky. In the light of his Theory of marginal utility, one may see how the main ideas of the Austrian school were received and developed in Ukraine. Slutsky was a scientist who dedicated himself to economics and his understanding of the subjective value theory by Carl Menger was critical. His views are here studied on the basis of new findings from the Kyiv archives. Slutsky formed his own concept of value, developed in his Critique of the concept of value where he discusses Böhm-Bawerk’s teachings and his Theory of consumer budget. He “objectified” the utility function, so to speak, and stressed the role of consumer behavior in a market-frame. He heralded praxeological principles ‒ this is at least what his archives suggest. The huge influence of his ideas shows well in the famous “Slutsky equations”, “Slutsky - Yule effect” and “Slutsky's theorem”, still known to this day by economists worldwide.
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Submitted on : Friday, February 19, 2021 - 11:27:47 AM
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Gilles Campagnolo, V. Feshchenko. L’école autrichienne en Ukraine. La théorie de l’utilité marginale d’E. Slutsky (à partir d’archives inédites). Austriaca, Presses Universitaires de Rouens et du Havre, 2020, 90 (n° spécial « L’école autrichienne d’économie »), pp.129-153. ⟨hal-02366163⟩

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