An Expository Note on the Composite Commodity Theorem

Michael Carter

Economic Theory, 1995, vol. 5, issue 1, 175-79

Abstract: This note offers an alternative derivation of the composite commodity theorem using only elementary economic and mathematical tools. It offers some insight as to why constancy of relative prices induces separability in the consumers optimization problem. It should be more readily accessible to students in upper level economics courses and prove useful in the classroom in presenting this central theorem of economic analysis.

Date: 1995
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