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1、TheSuntoryandToyotaInternationalCentresforEconomicsandRelatedDisciplinesOntheMarginalUtilityofMoneyandItsApplicationAuthor(s):R.G.D.AllenReviewedwork(s):Source:Economica,No.40(May,1933),pp.186-209Publishedby:WileyonbehalfofTheLondonSchoolofEconomicsan
2、dPoliticalScienceandTheSuntoryandToyotaInternationalCentresforEconomicsandRelatedDisciplinesStableURL:http://www.jstor.org/stable/2548766.Accessed:05/12/201223:58YouruseoftheJSTORarchiveindicatesyouracceptanceoftheTerms&ConditionsofUse,availableat.htt
3、p://www.jstor.org/page/info/about/policies/terms.jsp.JSTORisanot-for-profitservicethathelpsscholars,researchers,andstudentsdiscover,use,andbuilduponawiderangeofcontentinatrusteddigitalarchive.Weuseinformationtechnologyandtoolstoincreaseproductivityand
4、facilitatenewformsofscholarship.FormoreinformationaboutJSTOR,pleasecontactsupport@jstor.org..Wiley,TheLondonSchoolofEconomicsandPoliticalScience,TheSuntoryandToyotaInternationalCentresforEconomicsandRelatedDisciplinesarecollaboratingwithJSTORtodigitiz
5、e,preserveandextendaccesstoEconomica.http://www.jstor.orgThiscontentdownloadedbytheauthorizeduserfrom192.168.72.228onWed,5Dec201223:59:00PMAllusesubjecttoJSTORTermsandConditionsrMAYOntheMarginalUtilityofMoneyandItsApplicationByR.G.D.ALLENProfessorRagn
6、arFrischhasrecentlypublishedanimportantbookinwhichhedevelopstheconceptofthemarginalutilityofmoney.1Thetitleadoptedis,however,aninadequateindicationofthescopeofthework,andamorecomprehensivedescriptionwouldread:thenotionsofmoneymarginalutilityandofmoney
7、flexibility;statisticalmethodsforthemeasurementofmoneyflexibilityandtheirapplicationtoactualdata;theapplicationofthenotionofmoneymarginalutilitytocertaintheoreticalproblems,i.e.theproblemsofthepriceoflivingindexnumber,ofthesupplycurveoflabourandofthei
8、ncometax.Itcannotbesaidthattheimportanceoftheworkisduetotheactualstatisticalresultsachieved,fortheyarebasedondatawhichareadmittedlyroughandinadequate.Norisitduetoanynewlightthrownonthemorefundamentalproblemsofeconomictheory,formostofthepurelyt
