Searching “Edgeworth” will get you many results.  Many famous people have the last name “Edgeworth” – early female novelists, astronomers, engineers, inventors, even a Catholic priest who served as the Confessor to Louis XVI.  Lots of people also live at “Edgeworth,” and I don’t mean my colleagues at the office, but rather Edgeworth, England, Australia, Canada, Ireland, and even Edgeworth, Pennsylvania.

 Amongst the notable Edgeworths you will find the inspiration for our firm, Edgeworth Economics.  Francis Ysidro Edgeworth was a 19th-century Irish economist known for several significant contributions in our field, including pioneering relationship analysis through the use of a correlation statistic (good ol’ correlation vs. causation – that’ll be the topic of a future post), mathematically modeling individuals’ benefits from consumption, or utility, and generally for applying rigorous mathematics to economics.

 Edgeworth’s greatest contribution to the field of economics was the development of Pareto Optimality.  Pareto optimality is when a transaction (or a decision) makes an individual (or a group of individuals) better off without making anyone else worse off.

Pareto optimality is the cornerstone of Edgeworth Economics – as a team, we work to put our professionals and our clients in better positions at no individual expense.  With expertise across several practice areas, including antitrust, litigation, data management, and more, we bring economic and statistical analysis to solve our clients’ most pressing and difficult problems.

 We hope you follow our blog as we explore the issues and topics affecting the economic consulting industry, and look forward to interaction and sharing robust discussion.  And, we promise to keep it exciting – that alone is worthy enough of paying attention to economic rockstars!