Question
Arrange in chronological order the following economists in relation to their contribution to the Theory of Consumer Behaviour. Choose the correct answer:
The correct answer is
A. Marshall, J.R. Hicks, R.G.D. Allen, P. Samuelson and R. Stone
The sequence is Marshall’s utility-based demand analysis (1890), Hicks and Allen’s ordinal-utility reformulation (1934), Samuelson’s revealed preference (1938), and Stone’s empirical consumer-demand work, including the linear expenditure system (1954).
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