Add to ORKGSUMMARY: This note examines how the concept of utility has led neo-classical economists astray. It first briefly reviews the thoughts of the early pioneers who have engaged these economists on the utility trail. It next scrutinizes the requirements imposed on the preference set of the consumer in view of extracting a utility function having anticipative properties. Then it shows how set theory can solve the dynamic exchange process and value determination without any need for a utility function
SUMMARY: This note reviews consumers’ preference orderings in economics and shows that irrationality...
In the neoclassical theory, the economic value of a good is determined by the benefit that an indivi...
The concept of utility is, together with the one of cost, the most important one in economic theory;...
SUMMARY: This note examines how the concept of utility has led neo-classical economists astray. It f...
SUMMARY: This note examines how the concept of utility has led neo-classical economists astray. It f...
SUMMARY: This note examines how the concept of utility has led neo-classical economists astray. It f...
SUMMARY: This note examines how the concept of utility has led neo-classical economists astray. It f...
SUMMARY: Scientists question the ‘scientificity’ of Neoclassical Economic Theory because microeconom...
SUMMARY: Scientists question the ‘scientificity’ of Neoclassical Economic Theory because microeconom...
This paper discusses how utility can be taught in undergraduate courses in microeconomics so that to...
SUMMARY: This note reviews consumers’ preference orderings in economics and shows that irrationalit...
In the neoclassical theory, the economic value of a good is determined by the benefit that an indivi...
THE GREAT INSIGHT of the marginalist revolution was discovery of the relationship between the exchan...
Concepts such as marginal utility, expected-utility, etc. are severely criticized in some quarters w...
SUMMARY: This note reviews consumers’ preference orderings in economics and shows that irrationalit...
SUMMARY: This note reviews consumers’ preference orderings in economics and shows that irrationality...
In the neoclassical theory, the economic value of a good is determined by the benefit that an indivi...
The concept of utility is, together with the one of cost, the most important one in economic theory;...
SUMMARY: This note examines how the concept of utility has led neo-classical economists astray. It f...
SUMMARY: This note examines how the concept of utility has led neo-classical economists astray. It f...
SUMMARY: This note examines how the concept of utility has led neo-classical economists astray. It f...
SUMMARY: This note examines how the concept of utility has led neo-classical economists astray. It f...
SUMMARY: Scientists question the ‘scientificity’ of Neoclassical Economic Theory because microeconom...
SUMMARY: Scientists question the ‘scientificity’ of Neoclassical Economic Theory because microeconom...
This paper discusses how utility can be taught in undergraduate courses in microeconomics so that to...
SUMMARY: This note reviews consumers’ preference orderings in economics and shows that irrationalit...
In the neoclassical theory, the economic value of a good is determined by the benefit that an indivi...
THE GREAT INSIGHT of the marginalist revolution was discovery of the relationship between the exchan...
Concepts such as marginal utility, expected-utility, etc. are severely criticized in some quarters w...
SUMMARY: This note reviews consumers’ preference orderings in economics and shows that irrationalit...
SUMMARY: This note reviews consumers’ preference orderings in economics and shows that irrationality...
In the neoclassical theory, the economic value of a good is determined by the benefit that an indivi...
The concept of utility is, together with the one of cost, the most important one in economic theory;...