Economists once believed utility could be measured. The philosophical school based on the thought known as utilitarianism was developed by the English philosopher
A) Jeremy Bentham.
B) Henri Leconte.
C) John Lennon.
D) Bernard Mandeville.

Question

Quizplus · Accepted Answer

Jeremy Bentham developed the philosophical school of thought known as utilitarianism, which proposed that the best course of action is the one that maximizes overall happiness or "utility." This school of thought initially believed that utility could be measured, but later developments in economics have debunked this idea.

Economists Once Believed Utility Could Be Measured