Ophelimity
Ophelimity is an economic concept introduced by Vilfredo Pareto as a measure of purely economic satisfaction, so he could use the already well-established term utility as a measure of a more broadly based satisfaction encompassing other dimensions as well, such as the ethical, moral, religious, and political.[1] As such, it corresponds to the sense in which utility is often used in economic calculations. Irving Fisher proposed replacing ophelimity (and thus utility as it is commonly construed) with the term wantability.[2]
Ugo Spirito
Ugo Spirito, according to professor A. James Gregor, used the term 'Ophelimity'[3] to mean "the individual's satisfaction (of which) he is the only judge."
See also
- Autotelic, another term for whether a thing has useful contingency (purpose through specific utility) or is an ends with purpose unto itself.
References
- ↑ Tarascio, Vincent J. (1969-01-02). "Paretian Welfare Theory: Some Neglected Aspects". The Journal of Political Economy 77 (1): 1–20. doi:10.1086/259490. Retrieved 2011-05-20.
- ↑ Thoma, Mark (2008-03-23). "Ophelimity vs. Wantability". Retrieved 2011-05-20.
- ↑ Gregor, A. Mussolini's Intellectuals: Fascist Social and Political Thought. pg. 126 - 127, Princeton University Press. ISBN 978-1-4008-2634-6