The Last Word on Giffen Goods?
GE, Growth, Math methods from University Library of Munich, Germany
Giffen goods have long been a minor embarrassment to courses in microeconomic theory. The standard approach has been to dismiss Giffen goods as a theoretical curiosity without empirical content. This note points out that the underlying theory is itself seriously flawed.
Keywords: Giffen goods; demand theory; general equilibrium theory (search for similar items in EconPapers)
JEL-codes: A22 A23 C62 D51 (search for similar items in EconPapers)
Note: Type of Document - Postscript from AMS-LaTeX; prepared on Macintosh; to print on Postscript; pages: 14
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Journal Article: The last word on Giffen goods? (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpge:9602001
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