Refutable Theories of Value
Donald J. Brown () and
Felix Kubler
Additional contact information
Donald J. Brown: Yale University
A chapter in Computational Aspects of General Equilibrium Theory, 2008, pp 1-10 from Springer
Abstract:
Abstract In the introduction to his classic Foundations of Economic Analysis [Sam47], Paul Samuelson defines meaningful theorems as “hypotheses about empirical data which could conceivably be refuted if only under ideal conditions.” For three decades, the problems of existence, uniqueness and the stability of tâtonnement were at the core of the general equilibrium research program—see Blaug [Bla92], Ingaro and Israel [II90], and Weintraub [Wei85]. Are the theorems on existence, uniqueness and tâtonnement stability refutable propositions?
Keywords: Walrasian Equilibrium; Individual Demand; General Equilibrium Theory; Pure Exchange Economy; Applied General Equilibrium (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations: View citations in EconPapers (9)
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-540-76591-2_1
Ordering information: This item can be ordered from
http://www.springer.com/9783540765912
DOI: 10.1007/978-3-540-76591-2_1
Access Statistics for this chapter
More chapters in Lecture Notes in Economics and Mathematical Systems from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().