An Empirical Theory of Pure Exchange:Individual Demand and Equilibrium

C-Rene Dominique

MPRA Paper from University Library of Munich, Germany

Abstract: SUMMARY: Scientists question the ‘scientificity’ of Neoclassical Economic Theory because microeconomics depends on an un-observable utility function, while the modern version of the theory requires that macroeconomics be built on microfoundations. The first step in remedying such an incongruous analytics is to use ‘naïve’ set theory to show that the utility function is indeed a misleading appendage.

Keywords: KEYWORDS: Properties of Relations; Order Isomorphisms; Individual Demand; Equilibrium; Attractors’ Reconstruction (search for similar items in EconPapers)
JEL-codes: B4 D5 D50 (search for similar items in EconPapers)
Date: 2017-05-21
New Economics Papers: this item is included in nep-hpe and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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