Utilitarian social welfare functions were devised for a world with a fixed population. With endogenous population, Edgeworth conjectured that the Benthamite principle of maximizing total utility ...

Carla Tardi is a technical editor and digital content producer with 25+ years of experience at top-tier investment banks and money-management firms. Eric's career includes extensive work in both ...

Comparing the education of different generations by counting the number of years spent in school ignores the profound changes in the content, pace and quality of education in the U.S. ("Education ...