ORDRE LEXICOGRAPHIQUE, BESOINS ET PREFERENCES DANS L'OEUVRE DE GEORGESCU-ROEGEN

Hubert Stahn

Cahiers d’économie politique / Papers in Political Economy, 2006, issue 50, 137-154

Abstract: In his paper entitled "Choice, Expectation and Measurability" Nicholas Georgescu-Roegen severely attacked the utility theory by rejecting systematically the so-called Archimedian axiom. His argument strongly relied on the use of lexicographic ordering. However he did not bring the argument to terms. The purpose of this paper is therefore to follow Georgescu- Roegen's point in order to understand why he did not make use of the growing mathematical lattice theory and to see how his attack can be improved by the use of this approach

JEL-codes: B21 D11 (search for similar items in EconPapers)
Date: 2006
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